Made in China Pivot Positioning

Speculation is growing that China may soon make a big deal about its zero-coronavirus policy change and start reopening the economy. Chinese asset prices were on fire over the weekend, and the glow is expected to continue into Monday. Friday’s strong close on Wall Street should also help, but the rally could be fragile — the Fed won’t Turning quickly, the implied final rate is now above 5%, the yield curve is relentlessly inverted, and there is a strong chance that earnings will slow next year. Can China’s focus on the coronavirus replace the Fed’s elusive focus on investor interest rates and spark global markets year-end rebound? Some of the moves in mainland China and Hong Kong last week were very high-profile. Shanghai stocks rose 6.4%, the largest weekly gain since July 179; Hongkong60 Hang Seng rose 8.7%, the best performance since

Week of year and500 RMB

hit a record against the dollar on Friday since

The biggest increase since the one-time appreciation of the currency. 100

(GRAPHIC-China Stocks: https://fingfx.thomsonreuters.com/gfx/mkt/gdpzqreolvw/One.PNG) 400 A Hong’s Hong Kong summit in the global banking industry last week showed that he is very interested in China Suppressed interest in investing. “Risk/reward remains attractive for long-term reopening of trading in China,” 50050 Morgan Stanley (New York Stock Exchange: 400 Multiple Sclerosis

) Analyst estimates. China was also in the focus of economic data on Monday as Beijing released trade and foreign exchange reserves data for October. Trade activity is expected to slow, and foreign exchange reserves, already at their lowest level in 5-1/2 years, are expected to approach the $3 trillion mark. Three key developments Monday that could give the market more direction:

China’s trade balance, foreign exchange reserves (October)

India Trade Balance (Oct) German Current Account (September) 400