Weekly Market Outlook (21-25 October) ...Middle East

UPCOMING EVENTS:Monday: PBoC LPR.Tuesday: Canada PPI.Wednesday: BoC Policy Decision.Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, US Jobless Claims.Friday: PBoC MLF, Tokyo CPI, German IFO, Canada Retail Sales, US Durable Goods Orders.MondayThe PBoC is expected to cut the LPR rates by 20 bps bringing the 1-year rate to 3.15% and the 5-year rate to 3.65%. This follows the recent announcement by governor Pan Gongsheng on Friday which aims to achieve a balance between investment and consumption. He also added that monetary policy framework will be further improved, with a focus on achieving a reasonable rise in prices as a key consideration. China is in a dangerous deflationary

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Weekly Market Outlook (21-25 October) ...Middle East

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