The Bazooka, at long last?
Friday 27th September 2024
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China is set to issue a lot of bonds to fire the long-awaited Bazooka. NAB’s Ray Attrill joins Phil to discuss the market reaction to the speculation that China is, at long last, ready to push ahead with a very sizeable fiscal stimulus. Oil behaved the opposite to what you’d expect from the news, driven by expectations of increased supply from Saudi Arabia and Libya. There’s a lot of European data to absorb today, which could paint a picture f what the ECB will do next…
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