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China Bolsters Stock Market; Evergrande Faces Liquidation

Major Tech Companies to Report Earnings Amid Anticipated Monetary Policy Announcements

  • China's securities regulator has announced measures to support the country's declining stock markets, including suspending the lending of specific shares for short selling.
  • Heavily indebted property developer China Evergrande has been ordered to undergo liquidation by a Hong Kong High Court, a decision that can be appealed.
  • Major tech companies including Microsoft, Apple, Meta, Amazon, and Alphabet are set to report earnings this week.
  • The U.S. Federal Reserve and the Bank of England are due to make monetary policy announcements, with traders divided on the outlook for March.
  • Oil prices have risen following a drone attack on U.S. troops in Jordan, which was reportedly launched by Iran-backed militants.
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