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Stories: From a busy week in the US to hopes for fresh stimulus in China, these are the stories to watch in business and finance in the coming days.
It’s been an eventful week in American politics, with “Super Tuesday” on March 5th and the President’s State of the Union address on March 7th.
Federal Reserve Chairman Jerome Powell will testify to Congress on Wednesday and Thursday.
And on Friday, the US employment statistics for February will be released.
Investors will be paying attention.
The National People’s Congress begins its annual meeting on Tuesday, with a number of issues at stake, including revitalizing the crumbling real estate sector.
Chinese stocks have recovered from a five-year low in early February due to stricter state-led stock buying and short-selling regulations.
Expectations are high for new stimulation.
The ECB will hold a board meeting on Thursday, and the focus will be on whether policymakers continue to push back on interest rate cut talks.
After all, wage pressures remain high, although they are easing.
British Chancellor of the Exchequer Jeremy Hunt must find a way to cut taxes in Wednesday’s Budget to help Chancellor Rishi Sunak’s tough election prospects without causing further turmoil in bond markets.
Media speculation has focused on the possibility of income tax cuts and further reductions in social security rates…
And investors expect Mr. Hunt to tap into most, if not all, of his financial “sleep”.
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