Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economic policies, political moves, global agendas, and more.
BUT first, to start off your day with a bang, here's a recap of the important news we think you should recall, ICYMI yesterday!
- Evergrande's electric vehicle unit extends losses, down another 20%
- Fitch says Evergrande's impact on rated construction firms is manageable
- PBOC sets USD/ CNY reference rate for today at 6.4695 (vs. estimate at 6.4696)
- Oil price moving higher still
- Vitol CEO says global oil demand is still down on 2019 level
- Federal Reserve Chair Powell is speaking again this week - Testimony Tuesday
- US President Biden says again he'll levy higher taxes on those earning > $400,000
- ICYMI - China and Canada did a prisoner swap over the weekend. Huawei's Meng was released.
- Japan PPI Services for August +1.0% y/y (expected +1.2%)
- Australia COVID-19 - NSW state briefing business on "Freedom Day": October 11
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