September 6, 2022
US Equities Set to Recover Amid Dip Buying as Trading Resumes
US stock futures rallied as bargain hunters were drawn to cheaper valuations after equities sold off over the past three weeks on concerns about the economic impact of monetary tightening.
ECB’s Kazaks Says Broad, Protracted Recession Could Slow Hikes
The European Central Bank may slow interest-rate increases if a deep euro-area recession damps inflation, according to Governing Council member Martins Kazaks.
If underlying price pressures strengthen further, however, officials could maintain their swift pace of raising borrowing costs, Kazaks said in a magazine article published for the Eurofi conference.
China Growth to Average 4.5% This Decade, Oxford Economics says
China’s gross domestic product will grow an average 4.5% over this decade, according to a new forecast by Oxford Economics, meaning China will take longer than other Asian economies such as Korea and Taiwan to catch-up with living standards in the developed world.
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