Forecasts & opinions
Stock markets seem to recover from a massive selloff on Monday. Concerns over a slowdown in the Chinese economy led to this selloff. Since then the People's Bank of China (PBoC) injected billions of yuan into the financial system and lowered its interest rates. The question remains whether these actions will lead to the desired result, or we might see the next yuan devaluation.
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- U.S., Japan may need more tools to shore up banking system - Fed's Rosengren
- UK must be clear what a no-deal Brexit would mean - Bank of England Governor Carney
- German output growth remains moderate in June - IHS Markit
- Eurozone composite PMI hits seven-month in June - IHS Markit