• 🇨🇳 #Китайские Stocks soared as policymakers unveiled details of their stimulus measures. Optimism was in the air, especially after U.S. stocks set off a fireworks display of new records. Asian stocks shot higher like a rocket on Thursday, with even the mainland Chinese benchmark able to recoup losses from the previous day. Kazakhs were steady, oil was jittery after Iran’s missile attack, and the Bloomberg Dollar Spot Index and the euro were like two buddies.
Fresh policy stimulus has given Chinese markets a leg up, but fears that it won’t be enough put an end to a fierce rally in stocks on Wednesday. All eyes are now on U.S. inflation data for clues about where the Federal Reserve’s policies are headed. Investors in China are already gearing up for a Finance Ministry press conference on Saturday for fresh clues on fiscal stimulus. Overall, amid all this development, the market is gearing up for a new phase of the rally, with slow earnings, high volatility and fundamentals back in focus.Fun, right? 😄
