ing the market moves are mixed concerns over the short-term outlook of Friday’s US employment data and China’s efforts to battle the covid and financial crisis.
“Officials in Guangdong province are facilitating meetings between struggling developers and SOEs to encourage mergers and acquisitions, according to a report by Cailian,” per Bloomberg. The news also cited Evergrande’s plan to delay the early interest repayment option on its one-year bond. Further, China’s Shimao group is selling its assets and tames the fears of a financial market crackdown.
Elsewhere, Australia’s Building Permits for November rose past -12.9% prior and 0.0% expected to +3.6% MoM. Additionally, the US Dollar Index licks its wounds while commodities remain depressed while consolidating the previous day’s gains. will be crucial for markets as the bets on the Fed rate hike during March 2022 remain near 80% while Goldman Sachs signals four such actions in the current year.Information on these pages contains forward-looking statements that involve risks and uncertainties.