Global markets have a bevy of news to keep them busy this morning. The Chinese government announced new taxes on housing profits to cool down its booming real estate market. In the U.S., billions of dollars of federal spending cuts, known as the sequestration, are now in effect. And in Europe, markets are still reeling from political uncertainty in Italy following a recent election.
Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to discuss how the markets are digesting the latest economic events.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.