An Asia-Pacific equity index was propped up by gains in China and Hong Kong. Stocks and bonds of Chinese developers rallied on a possible move to let state-owned firms guarantee the sale of new onshore notes. S&P 500 and Nasdaq 100 futures were steady while European contracts rose.homebuilder sentiment, adding to economic risks after weak Chinese figures.
Bets on cooling inflation and less aggressive monetary tightening as the world economy slows have contributed to a near 13% rebound in global equities from June lows. The danger for the bounce lies in the possibility of persistent price pressures that keep borrowing costs higher for longer, leading to recession.
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