Wednesday , 6 November 2024
Home Forex Chinese equities continue to look more pensive this week
Forex

Chinese equities continue to look more pensive this week

If anything, the chart shows that the mood music is more pensive as investors are likely waiting on more action by Beijing. That especially a follow through on the fiscal side of things. The CSI 300 index is up 0.5% today but it’s not really noticeable from the charts.

It seems to be that investors are still hanging on to the leftover enthusiasm from before the Golden Week holiday. It’s a good first step in trying to convince of a turnaround in sentiment. The surge higher shows much appetite and money waiting on the sidelines to bet on a China recovery.

The fear is that Chinese officials might leave this sort of mood hanging for too long, again.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Lagarde wants bigger banks

Lagarde in Frankfurt:Celebrating 10 years of Single Supervisory Mechanism (SSM)Bank capital ratios...

It’s the dawn of a new era

Trump is back and it looks like Republicans are back in Congressional...

What to keep an eye out for now in the race for control of the House?

It all comes down to this now in determining whether or not...

Technical levels following the Trump victory/the GOP run

Pres. Trump blazed through the Presidential election and a new era begins....