While the signals regarding China’s economic outlook continue to affect the pricing in global markets, the lack of expected incentives suppresses the risk appetite.
While concerns about growth continue in China, the lack of expected stimulus steps continues to put pressure on stocks.
With the effect of China and Hong Kong stocks, MSCI Asia Pacific Index carries its losses to the third day without interruption. Other Asian indices, on the other hand, are trending upwards under the influence of the 0.7 percent rise in Wall Street last night. The Japanese Nikkei 225 is up 0.9 percent.
US futures indexes are slightly down. The Dollar Index is trading at 1.204, up 0.2 percent.
No consensus was reached in the G-20
Finance ministers of the G-20 countries, one of the world’s largest developed and emerging economies, failed to agree on a framework that could be implemented to restructure the debts of poor countries.
G-20 officials continued to work on whether and how to increase the lending capacity of multilateral development banks such as the World Bank. Indian Finance Minister Nirmala Sitharaman said representatives of 20 countries had “very intense discussions about global debt vulnerabilities” during the meetings, with the debt issue continuing to be a “top priority” for the G-20 this year.