Australia’s fiscal authorities are taking a leaf out of U.S. Treasury Secretary Janet Yellen’s playbook in deploying spending to push the economy toward maximum employment, a stance that keeps policy aligned with the Reserve Bank.
Stocks in Dubai led gains across the Middle East amid optimism that Emaar Properties PJSC earnings may point to a wider recovery in the emirate.
A rally in one of Asia’s best-performing stock markets is stalling amid rising virus cases at home and a rethink of the global reflation trade.
The prospect of a rebound to 2% yields on the world’s benchmark bond is alive and well.
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