Hong Kong stocks lead losses; Fed, BOJ meeting this week

China’s central bank cuts 14-day reverse repo rates

The People’s Bank of China has cut the borrowing cost of 14-day reverse repurchase agreements, it announced on its website.

The central bank also said it paid 2 billion yuan ($285 million) through 7-day reverse repos and 10 billion yuan through 14-day operations. The 7-day fare remained unchanged.

– Off Abigail

Shares in Cathay Pacific rose on reports that Hong Kong may end hotel quarantine

Oil prices climb as China’s lifting of Covid lockdown boosts demand outlook

Oil prices rose on Monday as Chinese megacity Chengdu emerged from a two-week lockdown.

Both oil benchmarks rose more than 1% each in the session, and Brent crude futures It was last up 0.66% at $91.95 a barrel. American West Texas Intermediate The barrel gained 0.56% to $85.59.

The increase in demand outlook offset fears that possible rate hikes later this week would raise recession risks.

– Lee Ying Shan

CNBC Pro: This ETF Has Risk — But Does Better When Volatility Increases

As volatility rears its head again, investors looking for short-term trades can opt out This ETF With a track record of outperforming during periods of extreme market movements.

“It’s the opportunity for very quick and substantial gains when everyone else in the market is losing their shirts, which I believe is attractive about this fund,” said Daniel Martins, chief researcher and portfolio strategist at DM Martins Research.

However, despite the potential for high returns, ETFs carry a high level of risk and are not for every investor.

Pro subscribers can Read more here.

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– Javier Ong

The Chinese yuan has room for further weakness in the near term, says Goldman Sachs

There is still room for the Chinese yuan to weaken further, economists at Goldman Sachs said last week after both the onshore and offshore yuan hit their lowest level since July 2020.

“We expect CNY “Weakness to persist in the short term is partly underpinned by broader USD strength,” the strategists said in a note, adding that the next key level to watch is 7.20, which was last tested in May 2020.

However, such a move would come alongside a “substantial” strengthening of the US dollar, they said in the note, adding that “the CNY is unlikely to weaken by 3% in isolation.”

– Jihye Lee

CNBC Pro: Buy these inflation-defending funds to protect your money, says strategist

With inflation stubbornly high and US stocks and bonds alike volatile, where can investors hide?

According to Marc Joly, global strategist at CCB International Securities, three types of funds look attractive right now. He named his favorites in each category.

CNBC Pro subscribers can read more here.

– Weissen Don

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