What's on their minds is how, if anything, Chinese officials will try to solve their big overcapacity problem. That means plans, just what are they, when will they start and so forth. Embedded therein is another question on investor minds, do these official even have any plans.
China's declining economic growth is a problem many failed to see as obvious as it was. Now investors seek to know what if anything are officials going to do about it. Meanwhile, the Nikkei and the Kospi were flat; the Shanghai Conposite Index was close to being flat and the Hang Seng was up slightly at 0.6%.
Brent crude oil dropped slightly, 0.3%, to $36.97 a barrel, but looks set to end the week up nearly 6% in what has turned out to be a more positive couple of weeks since the rocky start to 2016. There's a lot of caution around, however, since many feel these gains, particularly in commodities, are short lived owing to short-covering.
Gold was up a little at $1272 an ounce while the dollar remained strong after some weakness Thursday..
No comments:
Post a Comment