Stocks to Watch: FedEx, Alibaba, Visa, Tesla, Amazon, and More
US markets are expected to open cautiously after hawkish European policymakers contrast with another interest rate cut in China. The People's Bank of China cut two benchmark lending rates, its one-year and five-year loan prime rates, by 10 basis points each. The rate moves stand in contrast to ongoing Western credit tightening and come alongside some thaw in Beijing's relations with Washington. Meanwhile, global bond market nerves were jarred again by what's set to be another hawkish week for central bank watchers in Europe. The big US data input this week is from the housing sector, where signs of some recovery are reinforcing 'soft landing' hopes for the wider economy. FedEx releases its latest earnings update in an important gauge of the health of both domestic and international logistics and supply chains.