What to Trade on August 22–26?
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
Chinese funds reduce equity exposure to one-year minimum
For the next three months Chinese fund managers reduced their suggested equity exposure to the lowest value for more than a year, amid concerns regarding tightening liquidity as well as profit-taking by institutional investors because the year-end is getting closer.
The fund managers cut their suggested equity allocations to approximately 71.9% from 79.4% in November, according to a survey of 8 China-based fund managers, which was conducted this week.
The fund managers have spurred their suggested bond allocations for the nearer three months to 6.9% from 5.6% the previous month.
Additionally, they have also lifted recommended cash allocations to approximately i21.3% for the next three months versus 15% last month.
Liquidity conditions appear to be a huge concern ahead of the year-end. Besides this investors worry that monetary policy would be tightened in 2018.
The fund managers polled were still mixed on asset allocations for the upcoming month, with three forecasting a cut and just one pointing to a jump, and four suggested the same level of equity exposure.
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Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
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Every week we expect many interesting events that can shake the market.
