Overseas Headlines- September 16, 2020

United States:

Fed to Weigh Near Zero Rates Through 2023: Decision Day Guide

“Federal Reserve officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to accelerate the U.S. economic recovery. The Federal Open Market Committee is all but certain to keep its benchmark overnight rate in a target range of 0% to 0.25%, where it’s been since March 15 to help soften the Covid-19 pandemic’s blow. The committee, in its final scheduled meeting before the U.S. election on Nov. 3, will release a statement and economic forecasts at 2 p.m. Washington time. Chair Jerome Powell will hold a press briefing 30 minutes later.”

https://www.bloomberg.com/news/articles/2020-09-16/fed-to-weigh-near-zero-rates-through-2023-decision-day-guide?srnd=economics-vp

Europe:

BOE Readies for Action as U.K. Faces a Turbulent End to 2020

“Bank of England officials are expected to lay the groundwork this week for yet more monetary stimulus as optimism over the U.K.’s economic rebound from the coronavirus pandemic fizzles out. While economists and investors don’t see immediate action, they widely predict the BOE’s bond-buying program will be expanded again before the end of the year. The latest policy decision, released at noon London time on Thursday, will likely back that view.”

https://www.bloomberg.com/news/articles/2020-09-15/boe-readies-for-action-as-u-k-faces-a-turbulent-end-to-2020?srnd=economics-vp

Asia:

China Criticizes U.S. Sanctions on Firm Tied to Cambodia Project

“China on Wednesday criticized a U.S. government decision to level sanctions against a state-owned company responsible for the development of a project along the coast of Cambodia that it’s concerned may ultimately be used as a military base. Union Development Group Co., Ltd., which is building a $3.8 billion development project in western Koh Kong, became the latest Chinese company to face U.S. sanctions on Tuesday amid continued pressure on businesses seen as complicit in advancing China’s “ambitions to project power globally.”

https://www.bloomberg.com/news/articles/2020-09-16/china-criticizes-u-s-sanctions-on-firm-tied-to-cambodia-project?srnd=premium-asia

 

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2020-09-16T08:15:36-05:00