China fear recedes in markets

Thursday, 15 October 2015

From the monthly BofAML survey of instos via FTAlphaville:

It looks rather like the Shanghai bust was having a really toxic affect on sentiment despite its marginal importance to Chinese growth. Still, there is no mistaking that trend in expectations, down, quite rightly.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.