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For the next three months Chinese fund managers managed to spur their suggested equity exposure to the maximum of seven months because recent economic data assisted to raise expectations for the world's number two economy, as a monthly Reuters survey unveiled.
The fund managers increased their suggested equity allocations to about 78.8% from 73.8% in September, according to a survey of eight China-based fund managers, which was conducted this week.
As a matter of fact, the fund managers have curtailed their suggested bond allocations for the approaching three months to 8.1% from last month’s reading of 10%.
Besides this, they have diminished recommended cash allocations to approximately 13.1% for the next three months versus 16.3% in September.
In September, China's major financial institution reduced the amount of cash, which some commercial banks are bound to hold as reserves for the first time since February last year, in an attempt to spur more lending to struggling smaller businesses and revive its lackluster private sector.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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