🚨 High Impact Economic Forecast | Weekly Analytics with Qluster Research

It's a new weekly trading session with a fresh schedule of High Impact Economic news 🔥 Download the free schedule graphic now for the week starting 27 September 2021

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Alongside the headline FOMC event of last week, market participants across significant global economic zones observed a wishy-washy week.

Despite soft economic data coming out of the UK and Eurozone, the major stock indices rallied to end the week on stronger footings. In particular, a lively Bank of England (BoE) swiftly delivered strong support for the Great British Pound (GBP) - assisting the FTSE100 in recovering losses from the previous weekly session.

Elsewhere in the world, disappointing retail sales figures in Canada were offset by rising oil prices. The rebound in key energy prices provided much-needed support to the Canadian Dollar (CAD), which resulted in recovery price action for the Loonie.

In local markets, an inflamed Delta outbreak remains overcast as policymakers at the Reserve Bank of Australia reaffirm their perspective of staving off rate hikes until 2024. Further to an unchanged cash rate, the central bank delivered the highly anticipated elongation of its bond purchase (QE) program.

Bottomline from the latest official update on RBA Bond Purchases:

  • A$105bn in planned bond purchases (July)

  • Estimates suggest a minimum increase of circa A$140bn - A$150bn in stimulus

Heading into this new trading week brings a packed schedule of key economic data releases. Official data releases may offer foresight into concerns of rising prices and productivity growth while providing a backdrop to official plans for turning off money taps.

In particular, Q looks to the East for developments in the Evergrande Group debt debacle and plans to monitor for signs of liquidity injections by the Chinese government.

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At present, participants and pundits alike speculate the question…

Will the collapse of the China Evergrande Group be round two of the fall of the Lehmann Brothers?

Be wary of allowing media sensationalism to cloud careful due diligence…

While the actual severity of fallout from a complete debt default by the Evergrande Group is debatable, it is nonetheless a significant variable that has far-reaching potential for global market fundamentals.

There is a potentially key distinction between the predicament of China Evergrande Group and the Lehmann Brothers - the willingness of government bailout…

Q plans to cover the fundamental and technical developments as they appear. Make sure you don’t miss the alerts and subscribe now 👇

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P.S. That’s half a cup of coffee 😉

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See you for the next update.

- q

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