Chinese President Xi Jinping wrapped up his second Belt and Road forum in Beijing. Xi hosted some 5,000 delegates from across the globe last week – though leaders from major developed nations were notably lacking — to discuss his signature infrastructure project, which began in 2013 with the aim to deepen economic ties across Eurasia.
Big Data WeekThe world economy’s ability to rebound from its recent soft patch will be tested anew this week as data is released from Washington to Beijing. Federal Reserve officials conclude their latest policy meeting on Wednesday amid expectations they won’t change their monetary settings as counterparts elsewhere follow their dovish turn.
Markets OpenAsian stocks looked set for a mixed start to a week and volumes are likely to be down with Japanese markets shut for holidays. Futures signaled gains at the start of trading for equities in Hong Kong, while Australia was poised to open flat. U.S. stocks climbed Friday and the S&P 500 Index reached an all-time high amid a flurry of earnings reports. The euro was steady after S&P Global Ratings left Italy’s rating unchanged Friday.
Spain ElectionSocialist Pedro Sanchez is set to return as prime minister of Spain after his party and left-leaning allies came close to a majority, though he may still need a handful of votes from Catalan separatists. A second Sanchez government would buck the trend of crumbling voter support for Europe’s other center-left parties. He’s already served 10 months as the head of a minority government but was forced to call a snap election when he failed to pass his budget.
New Questions About Boeing’s 737 MaxSouthwest Airlines Co., after a deadly Lion Air crash in October, learned from Boeing Co. that an alert warning pilots of a sensor malfunction linked to the disaster wasn’t a standard feature on the 737 Max. The world’s largest 737 operator and its pilots had thought that the warning light worked on all Max jets, as it had on the previous generation of 737 aircraft, Southwest said Sunday.
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