China’s Economic Planning Meeting Ends With a Dud
Lack of further Chinese fiscal stimulus clarity constrains Asian markets
Highlights
• Lack of further Chinese fiscal stimulus clarity constrains Asian markets
• Razor-thin equity risk premium is hard to justify in today’s environment
• Benign PPI and a jump in jobless claims fail to spark a Treasury market rally
• Post-BoC cut messaging less hawkish than portrayed — love GoC bonds, fade the loonie
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