Financial Market Breakdown – Week of August 28, 2023
Quick Highlights
Futures are slightly higher following more small stimulus steps from Chinese authorities, as investors look ahead to an important week of economic data.
Chinese authorities reduced the stamp tax on stock investment, providing a small economic tailwind and boost to Chinese stock prices.
Economically, the only notable number was the EU Money Supply (M3) and the number was bad as M3 declined – 0.4% vs. (E ) 0.6%.
