(As of 7:20 am PST)
Violent protests in China over the weekend have sent
global equities lower to start the week.
Pro-democracy protests which broke out over the weekend in Hong Kong’s
busiest commercial districts have caused several banks and financial
institutions to shut down branches. The rally aimed at protesting Beijing’s new
election plan has created quite a stir, effecting financial markets throughout
Asia and spreading to the European and US markets today. All three major US indexes are
lower to start the week. Economic data
will be plentiful this week. Already
today we’ve seen reports on consumer spending and personal incomes that have
met or exceeded expectations. Later in the week investors will be keying in on
the non-farm payrolls jobs report and an important policy meeting at the European
Central Bank. There’s a lot to keep
investors busy this week. Expect a wild
close to the third quarter.
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