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CHINA: No Lasting Reaction To Latest Chinese Press Briefing Announcement

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Markets pretty unreactive to news of a Chinese housing ministry-MoF-PBoC joint press conference on Thursday.

  • Headlines point to a focus on the promotion of the steady and healthy development of the housing sector.
  • Knee-jerk, limited CNH and oil demand was seen on the headlines, although that fades, likely on the points below:
  • A force of habit with markets left wanting following recent press conferences/support announcements.
  • The focus of the meeting making it unlikely that we will get fresh stimulus announcements, with more colour surrounding already-deployed measures seemingly more likely.
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Markets pretty unreactive to news of a Chinese housing ministry-MoF-PBoC joint press conference on Thursday.

  • Headlines point to a focus on the promotion of the steady and healthy development of the housing sector.
  • Knee-jerk, limited CNH and oil demand was seen on the headlines, although that fades, likely on the points below:
  • A force of habit with markets left wanting following recent press conferences/support announcements.
  • The focus of the meeting making it unlikely that we will get fresh stimulus announcements, with more colour surrounding already-deployed measures seemingly more likely.