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Asia Update: China lacking confidence but Sept Fed hike still on

Singapore based Saxo Bank Asia Strategist Kay Van-Petersen with his weekly look ahead from the Asian market perspective.

At the start of last week there was a sense that the Chinese panic sell-off was overdone and, bullish about a recovery, Kay Van-Petersen shared that view. Now he explains why he's not so confident about the bounce-back. Mainly because there's still uncertainty surrounding Chinese government efforts to support the stock market, amid suggestions of economic mismanagement.

Markets are naturally looking ahead to the nonfarm payolls data due out on Friday the 4th of September, which could act as a warm-up show for a widely expected Fed rate rise.

02:29 minutes
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