By Geoffrey Smith — Global markets bounce as signs of central bank reticence to tighten policy appear, while fears of a dramatic and disorderly collapse of a property empire in China ease a little. Universal Music soars on its debut as it’s spun off from Vivendi (OTC:VIVHY); housing starts and building permit data for August are due, and oil prices are underpinned by Shell (LON:RDSa)’s forecasts for its Gulf of Mexico assets. FedEx and Adobe (NASDAQ:ADBE) report earnings later. Here’s what you need to know in financial markets on Tuesday, 21st September.

1. Global markets bounce

Global markets rebounded from Monday’s losses as analysts around the world scrambled to reassure clients that China is not about to experience its ‘Lehman moment’.

The Hang Seng index in Hong Kong rose 0.5% while European benchmark stock indices rose by over 1%. U.S. Treasury yields rose slightly and the dollar index retreated from the…

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