Chinese Stocks, Yuan Primed for Gains on Return From Holidays
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
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Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
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Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
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