rates seen galloping above 4% by March.Ī holiday in Japan kept a lid on moves in Asia but pressure is building on both the yen and the yuan, as Beijing and Tokyo swim against the policy tide by holding rates low.Ĭhina cut reverse repo rates on Monday and the yuan slipped back to the weaker side of 7 per dollar. Stocks took a bath last week as traders re-priced the Fed’s outlook, with markets now positioned for a 75 basis point hike on Wednesday and U.S. Federal Reserve decision – and the committee members’ rate projections – are the centrepiece but decisions in Britain, China and Japan are also in focus. The tone everywhere else is sombre and nervous as no fewer than 13 central bank meetings loom this week. London markets close on Monday for the funeral of Queen Elizabeth II. REUTERS/Marko Djurica TPX IMAGES OF THE DAYĪ look at the day ahead in European and global markets from Tom Westbrook
A rainbow appears in the sky near the Horse Guards Building a day before the funeral of Britain’s Queen Elizabeth, following her death, in London, Britain September 18, 2022.
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