There is little optimism for lifting of restrictions in China
2022.12.09 00:54
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There is little optimism for lifting of restrictions in China
Budrigannews.com – China’s COVID restrictions are slowly but surely being lifted, but soft demand and low economic activity continue to be a hindrance. Some people will find it difficult to break out of the routines they developed during the strict lockdowns, so the road to reopening is unlikely to be straightforward.
However, investors are betting on the optimistic reopening. Despite the looming threat of an economic slowdown, an index of Chinese gambling stocks has gained more than 60% in the past two weeks. The agenda of central bank meetings scheduled for next week will indicate the trajectory of interest rates.
Since there are no market events until next week, the U.S. producer price inflation figures later in the day will be heavily scrutinized for additional information regarding the state of the U.S. economy.
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The third spill of several thousand barrels of crude along the pipeline since its opening in 2010 has no known cause.
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