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EQUITY TECHS

E-MINI S&P (Z1): Bulls Still Firmly In Control

CORN TECHS

(Z1) Gains Considered Corrective

EGB OPTIONS

Bund call spread

STIR

Effective Fed Funds Rate

GILTS

DMO Plans Lower 2021-22 Issuance Than Expected

CHINA PRESS
MNI (Sydney)

Facilitating capital outflows may ease the pace of the yuan's appreciation given that it is driven by a current account surplus, Guan Tao, chief economist of BOC Securities and a former official at the State Administration of Foreign Exchange, wrote in a column on Yicai.com. Allowing outbound investment can help offset increasing capital flowing in, said Guan. However, domestic investors may be reluctant to invest abroad because of the inflated value of global assets and high levels of foreign government debt, Guan said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com