The last fix of the week is in and the PBOC has continued its “steady as she goes…under” mood, with the mid-point set at 6.5572, slightly lower than yesterdays 6.5582
Chinese stocks look set to open up 1-2% while its all good in Japan, with the Nikkei up 3%
On Australian stocks, the ASX200 is up 1.5% at lunch, with most of the heavy lifting from resources. BHP gapped up 7% on the open, now up 8% and following oil prices as are the LNG majors, with Santos up 11%, Origin 3% and LNG up 6%
Curiously all this “good” news – or absence of bad – has been factored in to the Aussie dollar, which is just hovering at 70 cents against the USD:
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