Largest monetary injection into China’s economy since the Pandemic. | Morning Markets

Today, George Bell, Portfolio Manager, looks at the latest initiatives in China for lending and the property market in a bid to support economic activity. With a plan to lower rates in short and medium term lending as well as a cut to required bank reserves, this amounts to an equivalent 140 billion US dollars into the economy. Moving to the US and we see a positive perspective from corporate America with strong reports from the Services sector, however there still remains a weakness in manufacturing and potential uncertainty around the outcome of the election.