China's Sales/Production Data And PBOC Measures Spark A Renewed Risk-On Rally
Better-than-expected data in China and PBOC stimulus boost investor sentiment to end the week
Highlights
• Better-than-expected data in China and PBOC stimulus boost investor sentiment to end the week
• Favorable seasonal adjustments provide a false glow to the September data
• The U.S. economy only has three areas of support – fiscal policy, the AI boom, and the “wealth effect”
• The Australian dollar looks set to strengthen
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