China will set out its major economic objectives and policy goals for 2020 at the National People’s Congress. We expect fiscal stimulus of 5-8% of nominal GDP to be announced, half the size of the stimulus that followed the GFC. Most of this stimulus will come in the form of bond issuance (e.g. special treasury bonds and local government special bonds). The biggest beneficiary of this stimulus will be the transport and infrastructure sectors. On monetary policy, we do not expect aggressive interest rate cuts or QE; but efforts will continue to ensure financial markets remain liquid, through lending targets and RRR cuts. Read more
Tag Archives: Bond
Trump reality rattles markets
European stocks and bond yields tumble and the dollar hits a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. Ciara Lee reports Continue reading
Dollar, Mexican peso, stocks topple as Trump wins
The U.S. dollar sank and stocks have plummeted in market mayhem as investors faced up to a shock win for Donald Trump in the U.S. presidential election that could upend the global political order. Sonia Legg reports. Continue reading
Lily James on her new collaboration with Burberry
Burberry adds another celebrity to its list of famous models, British actress Lily James.
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Sam Smith unveils James Bond video
British singer Sam Smith unveils the video for “Writing’s on the Wall”, the theme song for the upcoming James Bond film “Spectre”.
U.S. civil rights leader and former head of the NAACP Julian Bond dies aged 75
U.S. civil rights leader and former head of the NAACP Julian Bond, who also held elected office in Georgia for two decades, died on Saturday (April 16) aged 75