While stocks responded strongly to assurances by Beijing, the pledges are still vague and need to be backed up by concrete measures. There are still no clear signs that regulators are lifting restrictions on developers’ access to cash from pre-sold homes, a key source of liquidity.
I already can t get people to pay attention to projects this week. We ended last wek on a high note but it was the same high note (S&P 4,708) that we hit on
The weaker yen is making Japan’s import bill worse, from energy to raw materials, amid supply bottlenecks. But there is little Japan can do to make currency markets listen in a global inflationary environment.
Thailand has room for further monetary easing to support its economic recovery, which is expected to be slow, uneven and clouded by the unknown path of the coronavirus pandemic, the International Monetary Fund (IMF) said.