bullish
Did China Just Trigger Commodity Markets?
SUMMARY
- Did China Just Trigger Commodity Markets?
- China’s central bank last week announced a new stimulus package to the economy to curb the growth decline that is still going on.
- Chinese stocks jumped and also “Chinese-linked commodity prices” like soy, copper and steel gained momentum as Governor Pan Gongsheng announced plans to lower borrowing costs and inject more funds into the economy, as well as to ease households' mortgage repayment burden.
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