after China announced they would help the real estate sector. China will now allow more time for loans to be repaid. Chinese stimulus has been the only comfort to global investors watching the deteriorating economic data out of the country. It’s worth noting that as the global economy has been on shaky ground, gold is at a three-week high. As the port strike enters its 11th day, RBC is quantifying how disruptive this is becoming.
At the same time it is downgrading Truist Financial, Zions Bancorp and Hancock Whitney on net interest income revisions and limited differentiating catalysts.Joe Mimran, Canadian fashion designer and entrepreneur at 4 p.m. EDT: The retail trailblazer behind Joe Fresh is opening up the purse strings to buy Kit & Ace. At a time when retailers are retreating from Canada, Jacqueline Hansen will talk to Mimran about why he is all-in.
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