December 06, 2024 05:19 GMT
CHINA: Country Wrap: Stocks Rally on Stimulus Hopes.
CHINA
- Chinese Stocks Jump as Traders Position Ahead of Key Meeting (source: BBG)
- China Says Confidence Returning Ahead of Key Politburo Meeting (source: BBG)
- Chinese stocks are finishing the week strongly with the major indexes all up over 1%. Hang Seng +1.35%, CSI 300 +1.55%, Shanghai +1.23%, Shenzhen +1.50% with some market commentators speculating that there is a chance of further stimulus announcements in the coming day.
- CNY: Yuan Reference Rate at 7.1848 Per USD; Estimate 7.2513
- Bonds: the 10YR will finish the week comfortably below the 2.0% level at 1.95%.
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