It's all about China as we speak: Three tales are dominating

There are three China tales it’s good to know as we speak:

1) China says it’s going to implement a ‘reasonably free’ financial coverage

By way of financial coverage indicators, that is pretty much as good because it will get. It got here with pledges for a ‘extra proactive’ fiscal coverage as nicely. All techniques go as US-listed China ETFs up 6%. The Australian greenback is the chief in FX and commodities are bid.

2) China’s central financial institution buys gold

China’s central financial institution purchased its first gold since Might. That is helped to elevate gold by greater than $30 and threaten the perfect ranges since Nov 25.

three) China opened an anti-trust investigation into Nvidia

A report stated the Chinese language authorities believes Nvidia’s buy of Israeli networking
firm Mellanox may violate the nation’s anti-monopoly legal guidelines. Shares of NVDA are down 2% and chipmakers can be eyed to begin the week nevertheless it’s more likely to be some recent angle within the effervescent US commerce warfare.

This text was written by Adam Button at www.ubaidahsan.com.



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