China stimulus bets are back ...Middle East

China's CSI 300 stock index rose as much as 2.3% today before fading to close up 1.1%. It was the second day of gains but it might be based on flimsy evidence.So far, the market has been disappointed by Chinese stimulus but hopes are building for more. A report from earlier this week highlighted the possibility of a 25-50 bps RRR cut in December, which isn't a big surprise. Eyes are mostly focused on the fiscal side after the October/November numbers were less than hoped. “There are all sorts of rumors flying around in Chinese social media,” said Nigel Peh, a fund manager at Timefolio Asset Management in Singapore, said in Bloomberg report.Aside from an RRR cut, some are looking towards a Ce

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Last updated : 29 Nov 2024 clock 05:41 PM

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China stimulus bets are back ...Middle East

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