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Market Talk – July 23, 2021 | Armstrong Economics

Spread the love ASIA: China’s central bank on Friday said that non-bank payment firms must report plans for overseas initial public offerings and other major events. This is the latest move in a widespread regulatory squeeze on the country’s tech firms. Non-bank payment firms should report both domestic and overseas listing plans, the People’s Bank of China (PBOC) said in a statement. The requirement applies to payment firms with a variable interest entity (VIE) structure, which has been widely adopted by internet companies and allows them to bypass the lengthy domestic listing process and raise funds overseas. Payment firms should also explain the “detailed arrangement” of their VIE structures if seeking an overseas listing, it said.

Australian dollar dead cat bounces - MacroBusiness

MacroBusiness Access Subscriber Only Content at 8:18 am on July 22, 2021 | 0 comments The forex complex enjoyed some more relief overnight as DXY weakened and everything followed suit in usual fashion. EUR lifted: The Australian dollar finally dead cat bounced: There are 1876 words left in this subscriber-only article. Metals were mixed: US yields took off with oil: Stocks too, led by growth: Westpac has the wrap: Event Outlook ABS  Weekly payroll jobs for the week ending June 3 will provide insight into the response to the early stages of Sydney’s lockdown. Euro Area: The ECB will deliver its July  policy decision. President Lagarde has signalled that this meeting will be significant. In light of its new monetary policy framework, the Governing Council is set to review and recalibrate its communication style and its forward guidance. This may also include a decision around the future of emergency policy instruments, namely the Pandemic Emergency Purchase Program

EMEA Morning Briefing:Stocks Rally to Continue as Virus Fears Ease; ECB Awaited

EMEA Morning Briefing:Stocks Rally to Continue as Virus Fears Ease; ECB Awaited
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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