Xi Jinping has given Davos Man his cue:
*CHINA’S XI SAYS COLD WAR MENTALITY IS OUT OF PLACE
*CHINA’S XI SAYS DIALOGUE IS THE WAY TO RESOLVE DISPUTES
*CHINA’S XI SAYS SHOULD PUSH FOR FREE TRADE
*CHINA’S XI CALLS FOR UPHOLDING MULTILATERAL TRADING SYSTEM
*XI SAYS GLOBALIZATION MUST BE MORE OPEN, INCLUSIVE
*XI SAYS TO EXPLORE SETTING UP FREE TRADE PORTS
*CHINA TO REDUCE TARIFF ON AUTO-RELATED PRODUCTS: XI
*XI SAYS HOPES COUNTRIES WILL LOWER CURBS ON HIGH-TECH TRADE
*CHINA’S XI SAYS STATES MUST REFRAIN FROM SEEKING DOMINANCE
*XI SAYS CHINA WON’T BE THREAT TO WORLD, EXISTING GLOBAL SYSTEM
*XI SAYS CHINA WON’T SEEK SPHERES OF INFLUENCE
That’s an amusing list of fantasies.
Anyway, for now, every bloody-sucking globalist is buying. The AUD went sick:
Bonds dumped:
Stocks soar with US futures:
Dalian has faded from last night:
Big Iron is up:
Big Gas too:
Big Gold looks very impressed:
Big Sleazy too:
But not Big Puswad:
Let’s see how markets respond when China issues its proportional response Trump’s new $100bn in tariffs.
