FOMO V Inflation V Evergrande: Market Update 23 Oct 2021 [Podcast]

In today’s show we look at the market action this week, as the tensions between strong if patchy corporate results, on one hand, while inflation risks and contagion risks from the China property sector are pulling the other way.

China Evergrande Group pulled back from the brink of default by paying a bond coupon before Saturday’s deadline, giving the property giant at least another week to come to grips with a debt crisis that has rattled investor confidence in the world’s second-largest economy.

But Investors are increasingly concerned higher cost pressures and global supply-chain bottlenecks will push the Fed to raise interest rates faster than expected. Yet a relatively solid start to the earnings season offset those fears with the benchmark S&P 500 topping a record on Thursday.

Then US equities fell on Friday in New York after the chairman of the Federal Reserve signalled some concern about inflation.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

CONTENTS

0:00 Start
00:19 Introduction
01:15 US Markets
02:05 Powell Time To Taper…
03:05 Snap and Tech falls
04:30 GDP Falling
07:00 Inflation Expectations
08:00 Yields
08:45 Financials Up
10:00 Crude prices and supply
10:55 Europe
12:20 Evergrande Update
19:20 Asian Markets
19:50 Australian Markets
20:20 RBA Vs Markets
22:34 Market movements
25:13 Bitcoin, ATMs, Futures,
28:30 Summary and Close

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