A look at the day ahead in European and global markets from Wayne Cole.
So Tuesday's bout of post-pandemic euphoria in Chinese markets has cooled today, perhaps a recognition of just how long it will likely take to materially raise vaccination rates there.
But neither have markets given back yesterday's gains, so there's clearly an expectation Beijing is now set on opening up which has to be positive for the global economy and supply chains over time. So the message will likely be: "Hold your horses on rate cuts people." The labour market is drum tight and inflation of 7.7% is not 2%. The terminal rate will have to be higher than first thought to be sufficiently restrictive and stay there for longer.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Morning Bid: Powell point presentationA look at the day ahead in Asian markets from Jamie McGeever.
Leer más »
Morning Bid: Red alertA look at the day ahead in European and global markets from Anshuman Daga
Leer más »
Morning Bid: China, COVID and CrudeA look at the day ahead in U.S. and global markets from Mike Dolan.
Leer más »
Morning Bid: China + policy hawks=drag on marketsA look at the day ahead in Asian markets from Jamie McGeever.
Leer más »
Morning Bid: Nearing the top?A look at the day ahead in European and global markets from Anshuman Daga
Leer más »
Morning Bid: China lift, rates shift, crypto crunchA look at the day ahead in U.S. and global markets from Mike Dolan.
Leer más »