I am francine lacqua. Out of china, the top desk the economy is growing slower. Industrial outputs also missed forecasts. The shanghai composite index dropped the most in three weeks. It is raised the perspective of more stimulus from chinese authorities as they try to push and the slowdown. As they try to cushion the slowdown. Malcolm, what can we expect next from policymakers. We are likely to see a response on numerous fronts. Weve heard from the government last week that plans are to boost the fiscal response to the slowdown. Today there were some tweaks around that. They are going to lower the Capital Requirements and some new Infrastructure Projects that will allow less of a down payment. Roads, rail, projects. More monetary easing that can come in various forms. Banks for reduction of rrr ratios. The downside on the deposit by inflation is picking up because of rising pork prices. That may limits go that may. Imit scope it will be ongoing. Effort to keep the yuan stable and supp
Copper is trading lower once again as concerns about chinese slowing growth prop up. Similarly, trade and the u. K. Is off by half a percentage point. No end to the woes for commodities Going Forward. Interestingly, the other thing on investors minds is the fomc. We haveday meeting, seen the dollar drop off by 2 10 of a percent. We would see any sort of rate hike come september. Those futures funds tend to signal a 28 rise likelihood of the federal rate hike come september. Much more probability later in the year, but money is being taken off the table when it comes to the dollar. On the flipside that is where you were seeing most of the trading. The euro is up some 2 10 of a percent, not music to mario draghi sears. Draghis ears. We have some interesting stories out there for you. One is in focus because of talk about the strategic reviews that could be coming as soon as october. There is a rice discussion in the market about whether they could the uploading a u. S. Private banking un