China To Boost Chip Industry & Potential Australia LNG Strikes Impact On Natural Gas

Just how tight are policy rates with central bank meetings in Canada and Australia this week, asks Jeffrey Kleintop. He talks about how despite the most aggressive tightening cycles in decades, only the US and Canada could be said to be materially tight. He discusses how China to launch $40B state fund to boost chip industry. He highlights that last Friday’s manufacturing China PMI for August surprised on the upside with a move back into growth territory. He then compares policy rates and real rates. He also goes over what potential Australia LNG strikes mean for European natural gas inventories. Tune in to find out more about the stock market today.