Improving China trade and the continued pause in Yuan devaluation helps equities recover: Investors can breath a sigh of relief, temporarily at least. The doomsday scenario predicted by many and supposedly “solely” instigated by China has managed to take a well-earned rest in the overnight session. The continued pause of the Yuan’s devaluation (fourth consecutive day to ¥6.5630) by the PBoC along with stronger than expected Chinese trade data (Dec. Trade Balance ¥382b vs. ¥339be; or $60.1b vs. $51.3be) is lifting…
China Relief Rally Takes Priority For Now
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