“Now is the time for making gestures in the ECB”
While Yellen bet on increasing rates, China’s slowdown concerns Draghi, but he is not considering further stimulus for the time being, says Gabriel Marqués at Intermoney.
China
La Cina è vicina (China is Near)
Marco Bellochio was probably unaware of how close China could become when he directed his famous movie portraying a rotten Western society besieged by Mao’s revolutionary thrust. History eventually proved that the Little Red Book had less enduring success than the Holy Bible…
The Constitution on Chinese SOEs Reform
By Wang Lan via Caixin | The rules for China’s government provide space for the state-owned economy and public ownership, but this still allows for limiting the role of SOEs.
Chinese Stock Market: Blaming a Business Journalist for Market Turmoil Is Misguided
By Nailene Chou Wiest via Caixin | When the authorities scapegoat a journalist because he wrote a story without official permission, they scare anyone who wants to perform policy-related reporting.
It Is Time to Redraw the World’s Economic Map
By Peter Lundgreen via Caixin | The turmoil on world financial markets has more to do with global changes that need to be noted than recent volatility in China’s stock exchange.
Regulators Seek Formula for Handling Algorithmic Trading
As institutional investors embrace computer programs that rapidly place orders, the government tries to figure out how to regulate the practice.
The Oil Prospect of ‘Lower for Longer’
Analysts at UBS are cutting our oil price forecast for the period 2015-19 and cutting long-term normalised view to $80/bbl from $90/bbl. Near oil term forecasts reflect the prospect of a lower 3Q outturn and the base from which we see the recovery in prices rising from
Why is China finding it hard to fight the markets?
By Alicia García-Herrero at Bruegel | Sitting on a pile of debt, China’s only way out is to deleverage: more pain now for sustainable growth later. [Figure: China’s augmented fiscal deficit as % of GDP.]
“Yuan Devaluation Is Part and Parcel of Reform”
By Wang Liwei at Caixin | Aders Borg from the World Economic Forum discusses structural changes and the global financial framework’s future.
Doubts over rate hike timing remain after Jackson Hole
Jackson Hole does not clear up the doubts over whether or not there will be a rate hike in September.