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Here are some of the things people in markets are talking about.
Traders reassess the European Central Bank’s timeline for tightening policy, the death of HNA Chairman, and the rout in Chinese stocks. Here are some of the things people in markets are talking about.
Investors have got a little too optimistic about the timing for the European Central Bank to raise its benchmark interest rate from a record low, at least in the view of some policy makers. They worry that markets aren't discounting a hike until December 2019, whereas a move in September or October next year is on the cards, according to people familiar with the matter. ECB President Mario Draghi succeeded last month in quelling concerns about the end of quantitative easing later this year, by indicating there won't be a rate move until at least through the summer of 2019. The news of disquiet among some ECB officials comes amid speculation the bank will tweak its bond program to favor investing in longer-dated debt.