China Cuts Rates Most Since 2020WTF took them so long, given that Country Gardens real estate monster is teetering on bankruptcy.
Chinese were spending less but saving more, which explains the slowness in raising IPO funds...note also the Chinese Gold Premium to London is soaring , which is very positve
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Japanese GDP surged in Q2 - doubling expectations on export-led growth
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Japanese domestic spending weak
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PBOC surprises with rate-cuts (biggest MLF cut since 2020)
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MoF fix dramatically stronger than offshore yuan
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Yuan tumbles below 2023 lows on rate-cuts
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China 10Y yield drops to lowest since 2020
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Chinese macro data missed across the board
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China gold premium to London is soaring
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China did not report its (record high) youth unemployment rate