News Snapshot:
Deteriorating political ties between Beijing and Western economies, along with further signs of a crackdown on Chinese tech companies, have caused a sell-off in Chinese equities, and a risk-off environment to start the week. This could help USD stay supported into the FOMC on Wednesday, while German IFO should be no game-changer for the EUR. US equities rebounded strongly last week and closed at record highs on Friday. In the Asian session, gains in Japanese stocks were more than offset by a sharp drop in China’s equity indices, which looks set to negatively impact Western risk assets today. The cause...
