Wednesday , 6 November 2024
Home Forex Heads up for another China ‘stimulus’ briefing today (10am Beijing time)
Forex

Heads up for another China ‘stimulus’ briefing today (10am Beijing time)

Officials from the Housing Ministry, the People’s Bank of China, the Finance Ministry and the National Financial Regulatory Administration will hold a joint briefing at 10 am Beijing time on Thursday 17 October 2024:

  • 0200 GMT
  • 2200 US Eastern time

They’ll be providing details (maybe!) on measures to support the
property sector. Chinese property-developer stocks rallied yesterday on speculation new measures to boost the housing sector will be announced. Another disappointment ahead?

ps, I posted this yesterday on what all these measures are trying to do:

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US MBA mortgage applications w.e. 1 November -10.8% vs -0.1% prior

Prior -0.1%Market index 191.4 vs 214.5 priorPurchase index 130.8 vs 137.8 priorRefinance...

Treasury yields nudge towards the highs for the day as Trump confirmed as election winner

That is the highest level in four months and carries on from...

Mexican Peso plunges as Trump elected president

The Mexican Peso (MXN) plummets in its most-heavily traded pairs on Wednesday,...

USD/CHF Price Forecast: Strives to extend rally above 200-day EMA

The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session.