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%.