China Third-Quarter Growth Seen Dipping to 6.8 Percent, Weakest Since 2009 – Reuters China’s economic growth is expected to fall below 7 percent for the first time since the global financial crisis in the third quarter, putting pressure on policymakers to roll out more support measures.
Traders Brace for Worst as U.S. Banks Kick Off Earnings Season – Bloomberg Options traders are showing caution ahead of earnings for the nation’s biggest banks — trepidation that holds ominous signs for the broader market.
Excitement over Hong Kong Exchange Tempered by Weaker Outlook – Financial Times (subscription) If any exchange is treated almost exclusively as a levered bet on the market it is named for, in spite of efforts to diversify, then it is Hong Kong.
It’s Quantitative Easing, Europe, But Not as We’ve Known It – Bloomberg The European Central Bank this week started a limited pilot program to test out buying bonds through auctions rather than approaching dealers one to one.
Yuan-Denominated Sovereign Bonds Reportedly to be Sold in London – Bloomberg The People’s Bank of China, with the help of Industrial and Commercial Bank of China and HSBC Holdings, plans to offer yuan-denominated sovereign bonds in London for the first time in early November, sources say.