I’ve been focused on China all week and thinking about how the stimulus will play out. So far so good with Chinese equities up a sparkling 10% as we head into the final trading day of the week.
ZeroHedge has a great recap of the latest note from Scott Rubner, managing director for global markets at Goldman Sachs and how he sees the latest moves from China.
“Re-emerging Markets have quickly become a favored post-US election trade for November and December,” he notes.
It’s worth a read.
This article was written by Adam Button at www.forexlive.com.
Related Articles
ForexLive Asia-Pacific FX news wrap: China repo rates and RRR cuts
US inflation (PCE) data due Friday - here are the critical ranges...
US inflation (PCE) data due Friday – here are the critical ranges to watch
Due on Friday, September 27, 2024 at 0830 US Eastern time, the...
BOJ hiking (slowly), RBA cutting (slowly), Fed, BoC, RBNZ all cutting
A snippet from UBS on Pacific Rim central banks:Fed’s easing cycle is...
Federal Reserve Board Governor Michelle Bowman is speaking again on Friday
Federal Reserve Board Governor Michelle Bowman voted for a 25bp rate cut...
Leave a comment