Dalian just went sick:
Big Iron is following:
The trigger appears to be a speech by Chinese Premier Li Keqiang in which described the momentum of world economic recovery as “insufficient“:
- Anti-globalisation voices emerging
- World political risks on the rise
- Momentum of world economic recovery insufficient
- economic growth needs to ensure fairness, sustainability
- limiting trade freedom leads to lack of fairness
- China will fulfill its promises on tackling climate change
- China maintained stable growth as its more inclusive
- China prioritises employment in economic growth, aims for relatively full employment
- Not easy for China to maintain medium- and high- speed economic growth
- China will keep macro-policies stable, implement proactive fiscal policy, prudent monetary policy
- Will not resort to massive stimulus measures
- China will push structural supply-side reforms, cut taxes, fees for firms
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Looks no more than motherhood statements than any commitment to more stimulus but Banana Man is pinning his ears back and it was enough send the Aussie to 76 cents as well.
Big Gas is down:
Big Gold is down:
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Big Bubble mixed:
Big Liar soft:
