Free Trial

Chinese assets are trading strong today.......>

CHINA
CHINA: Chinese assets are trading strong today with equities recovering early
losses to trade up, shrugging off yesterday's US equity weakness. The CSI300 has
once again held above lateral support at the 3130 area, while USDCNH has broken
below yesterday's range to trade at 6.8890. 
- Optimism is elevated ahead of President Xi's upcoming speech at the 40th
anniversary of the country's landmark reform efforts. Any positive comments
regarding increasing imports or specifics on further deregulation would be
welcome developments in the context of still-heightened trade war risks. 
- Rate markets are not joining in China's risk on rally today, suggesting that
traders continue to see yuan stability as a signal that the PBOC will further
ease policy. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.