Here are five key takeaways from today’s briefing by Chinese Minister of Finance Lan Fo’an and his colleagues. 1. China will borrow more to raise money and help local governments finance their “hidden debt,” or off-balance-sheet borrowing. This could ease debt pressures for regional authorities, which have struggled to raise funds from traditional avenues like land sales, and allow them to better focus on helping the economy. More details on th...
The Chinese market has attracted increased attention in global markets, accompanied by rising volatility as more capital seeks to capitalize on potential opportunities largely driven by government measures. This environment led to a sharp rebound at the end of September, just before the National Holiday. A specific example of this volatility: after two days of significant declines, the Chinese stock market rebounded...
What happens later? The September jobs report, expected later today, will provide a clearer view of the U.S. labor market and is likely to be a key driver for markets, even amid geopolitical tensions and rising oil prices. Unemployment down-> More Jobs-> reflecting economic resilience rather than high inflation. With the unemployment rate slowly increasing, solid job growth would suggest the economy is avoiding a recession.$CBOE Volatility S&P 500 Index (.VIX.US)$$ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$may shoot...
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