doing so, the equity traders also benefit from a lack of major data/events while ignoring the Covid-linked market fears.
On the other hand, policymakers in China brace for pro-growth steps as hospitals in Shanghai eye more virus cases. On the same line could be the People’s Bank of China’s pledge to help overcome a slump in the local property market. Given the holiday mood, the markets may witness lackluster moves but final prints of the US Gross Domestic Product and Core Personal Consumption Expenditure details for the third quarter could entertain traders ahead of Friday’s US Core PCEfor November, also known as the Fed’s preferred inflation gauge. That said, the US GDP is expected to confirm 2.9% Annualized growth in Q3 while the Core PCE is anticipated to also meet the initial forecasts of 4.6% QoQ during the stated period.
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