High hopes or buying the dip?
Thursday 16th September 2021There’s a little more optimism in the markets this morning, particularly in US equities. NAB’s Tapas Strickland says there’s no overarching good news, suggesting there’s a strong element of ‘buying the dip’. Which could mean it’s all reversed tomorrow! In fact, the news out of China was largely negative, with industrial production, fixed asset investment and retail sales all below expectations. The huge debts of the Evergrande Group are also likely to see authorities tightening financial controls on the construction industry. Inflation was more than expected in the…
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