Chinese official “very worried” about bubbles in overseas financial markets and domestic property sector
- Macro-economy
- March 2, 2021
Equity markets rebounded yesterday despite the parallel rise in bond yields, as the manufacturing PMIs and ISM all pointed to robust global activity. But the market sentiment turned down overnight after the top Chinese banking regulator expressed deep concerns about bubbles on overseas financial market and said the domestic property market was driven by “very dangerous behavior”, suggesting monetary policy could be tightened. The February euro area inflation data will be released today. It is expected to show a pause in the rise before strong acceleration in the coming months. The price component of the manufacturing ISM also pointed to exceptional upward price pressures. The USD is strengthening: the EUR/USD exchange rate is nearing 1.20.
Share this news :
You might also read :
Brent 1st-nearby prices are back near their recent highs, above $91.5/b, while WTI is at a 7-year high near $91/b, as the cold snap hits…
October 19, 2021
Chinese new quotas impacts physical markets
China’s 4th and last batch of crude imports is impacting far east crude grades, as ESPO cargoes traded 6$ above the Dubai benchmark yesterday for…
September 15, 2021
Curve prices increased to record levels
European gas prices continued their (endless?) rise yesterday, still supported by concerns on the commercial start date of the Nord Stream 2 gas pipeline. As…
Subscribe to our newsletter