Attention is focused on the international market this Monday (22): the week begins with China deciding for the second interest rate drop in a week, lowering rates, now, on loans.
The world’s second largest economy faces a succession of crises at the same time.
Included in the package are tensions with Taiwan and the United States, as well as Covid-zero policy lockdowns and low growth prospects for the coming months. The most worrying, today, among analysts, concerns the real estate market.
Mass defaults have gripped the sector, with Chinese people who have not received their properties failing to make payments. As central banks around the world raise interest rates to curb inflation, China is doing the opposite, trying, at all costs, to contain the derailment in the credit market.
Looking west, markets seem to be experiencing an identity crisis and don’t know whether to be bears or bulls. About a month and a half ago, with the fall of more than 20% in the S&P 500 index, the beginning of the bear market in the United States.
Since then, however, the cooling of a series of economic data has suggested that the moment is not as tough as expected, although officials at the Fed (Federal Reserve System, the US central bank) contest this view with vehemence.
Presented by Thais Herédia and Priscila Yazbek, CNN Money presents a balance of news issues that influence markets, finances and the direction of society and power dynamics in Brazil and worldwide.
Source: CNN Brasil
