* China Evergrande (EGRNF) settles interest payments on bond. * MSCI global stock index regains ground for 2nd day. * Wall Street, European markets post solid gains. * Oil prices gain, US 10-yr yield little changed. * Fed policy decision later on Weds in focus. By Lewis Krauskopf and Tom Wilson.
U.S. Treasury yields were little changed on Wednesday as fears of imminent
contagion from China Evergrande receded after it settled interest payments on a domestic bond and
investors awaited word ...
Taiwan has formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the government said on Wednesday, less than a week after China said it too had submitted an application. Taiwan has been angling to join the grouping for a while and had already been discussing the issue informally with the bloc's existing members.
* China Evergrande (EGRNF) settles interest payments on yuan bond. * Euro STOXX 600 up 0.8% * Aussie dollar adds 0.2% * U.S. Treasury, euro zone bond yields rise. * Fed policy decision in focus. By Tom Wilson.
Since the first recorded cases in Wuhan, China, the Covid-19 pandemic has deeply impacted the global economy, increasing unemployment rates and breaking down many SMEs as reported by the IMF. According to App Annie’s report in 2020, this market recorded impressive results: consumer spending reached $143 billion, while Mobile Advertising spend reached $240 billion at 21% YoY growth.
The Bank of Japan on Wednesday offered a bleaker view on exports and output as Asian factory shutdowns caused supply bottlenecks, but maintained its optimism that robust global growth will keep the economic recovery on track.
* Evergrande to make Thursday coupon payment. * China blue-chips, Taiwan stocks fall in catch-up trade. * S.Africa August inflation rises more than expected. * Russia to spend $34 bln from rainy day fund. * Fed in focus for tapering clues. By Susan Mathew.
* China Evergrande (EGRNF) settles interest payments on yuan bond. * Euro STOXX 600 up 0.8% * Aussie dollar adds 0.2% * U.S. Treasury, euro zone bond yields rise. * Fed policy decision in focus. By Tom Wilson and Tom Westbrook.
Britain and South Korea have agreed to swap over 1 million COVID-19 vaccine doses with each other, with the UK sending a first batch of Pfizer shots in the coming weeks and Korea returning the same volume by the end of the year. Britain said it would send Pfizer doses which it does not immediately need, so they can be used more quickly in South Korea.
The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and output, reinforcing expectations the bank will maintain its massive stimulus even as major counterparts eye a withdrawal of crisis-mode support.
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