Bloomberg: Asia Awaits China Markets Reaction to U.S. Tension
Index futures are signaling a mixed start for Wednesday’s open. Many investors will be waiting until Chinese markets start their first trading day of May. They will be looking for signals about the mainland economy as a guide to global reopening’s, and for the response to the drumbeat of criticism leveled at Beijing by President Trump and others over the start of the pandemic.
The PBOC’s yuan fix will be of even greater interest than usual, given USD/CNH is above 7.12 -- even after a retreat on Tuesday -- while USD/CNY closed last Thursday at 7.0629.
Index futures are signaling a mixed start for Wednesday’s open. Many investors will be waiting until Chinese markets start their first trading day of May. They will be looking for signals about the mainland economy as a guide to global reopening’s, and for the response to the drumbeat of criticism leveled at Beijing by President Trump and others over the start of the pandemic.
The PBOC’s yuan fix will be of even greater interest than usual, given USD/CNH is above 7.12 -- even after a retreat on Tuesday -- while USD/CNY closed last Thursday at 7.0629.