China’s economic activity contracted further in November amid a record Covid outbreak, with growth likely to remain weak and the central bank expected to add more stimulus to bolster the recovery.
Oil rose for a third day after industry data pointed to a substantial draw in US crude stockpiles and investors counted down to an OPEC+ meeting that may see the group agree to cut production.
Mark Nash, who had been bearish on bonds including Treasuries and credit, says there’s value in emerging-market sovereign debt.
The fallout from September’s UK pensions turmoil looks to have left Australia’s securitized markets stronger as the subsequent hitch-free wave of stressed sales highlighted the depth of liquidity.
November is turning out to be the best month for Asia stocks in 24 years.
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