US fiscal spending plans and robust data are contending with concerns over the Delta variant and China's regulatory crackdown
US fiscal spending plans and robust data are contending with concerns over the Delta variant and China’s regulatory crackdownThe JSE looks set to open to mostly positive Asian markets on Monday morning, but a lower Tencent, amid optimism over the global economic recovery.
Markets have been watching for the huge fiscal stimulus to help solidify the recovery of the world’s largest economy. It comes as the US Federal Reserve starts contemplating easing back on its monetary policy stimulus amid rising inflation and an improving labour market. In morning trade the Shanghai composite was up 1.49% and Japan’s Nikkei 1.85%, while the Hang Seng added 0.99%.Gold was 0.11% weaker $1,811.81/oz while platinum rose 0.25% to $1,057.14. Brent crude was 0.82% lower at $74.53 a barrel.There is little on the local corporate calendar on Monday, while in economic news the Absa purchasing managers’ index for July, a
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