Aussie market had a solid day on the optimism of global rebound. US markets are closed tonight while Japan had a big bounce and China did not collapse after returning post CNY. Japanese economy contacted faster in Q4 than expected while China had exports drop and imports drop even further to give trade surplus. Overall economic view for Japan and China were negative today and you have to wonder why the Japanese market is up 8%. It is all about central banks and what they can do for the economy. BOJ and PBOC are expected to step in and support the economy as US holds rate cycle to devalue their currency and PBOC jumped on board to increase the Yuan peg to USD…. (VIEW LINK)
Please sign in to comment on this wire.