-
This morning's topic is China, in particular the uncertainty surrounding developer Country Garden and the decline in new loans in July.
-
Chinese banks extended 345.9 billion yuan worth of loans in July, thereby posting an 89% drop from June and sinking to the lowest level since late 2009, People's Bank of China data showed on Friday
-
The incoming data and information triggered a sell-off in APAC markets, which is now also spilling over into other markets.
European futures indicate that indices on the Old Continent will start today's session lower. The Euro Stoxx 50 is losing nearly 0.4% before the opening. Overall, the start of the European session brings a retreat from risk-linked instruments. In the FX market, the Japanese yen and the U.S. dollar are currently posting the biggest gains. WTI crude oil is losing nearly 1.2% and is trading in the region of $85.7 per barrel.
The economic calendar for today's session is almost empty, with the only reading worth noting being the CPI report from Poland, which will be announced at 09:00 am BST.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appCPI inflation for July (y/y) - forecast: 10,8%. Earlier: 11.5% y/y.
CPI inflation for July (m/m) - previously: -0.2% m/m.
Companies publishing earnings this week. Source: XTB
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
