The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Equity exposure is trimmed by China’s funds amid tighter regulation
In China, fund managers have already trimmed the suggested equity exposure for the next three months to the lowest value in 6 months. It’s because of surging risk appetite amid tightening government regulations to tame speculation.
This week, China's government held the 40th study gathering on national financial stability and security this week. Xi Jinping, the country’s president delivered a speech on financial stability. It undoubtedly sends a crucial signal to back the ongoing tightening of financial regulation as well as enforcement, as some financial experts state.
The equity allocations were reduced to 76.3% by the fund managers, down from 79.4% a month earlier, according to a survey of eight China-based fund managers.
By the way, the fund managers have increased the suggested bond allocations for the upcoming three months to about 11.3% from the previous month’s 7.5%.
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Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!