Chinese authorities are asking local governments to begin preparations for the potential downfall of Evergrande, WSJ citing sources which characterised the actions as “getting ready for the possible storm,”

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Reaction details (11:19)

In reaction to the news, US and European equity futures pulled back, but still remain firmer on the session with the ES up 0.5%. USTs picked up off the lows, whilst the USD was only able to show modest gains as upside was limited by a move lower in USD/JPY. Oil had already been drifting lower ahead of the report, whilst the bounce in spot gold was relatively marginal.

Analysis details (11:18)

23 Sep 2021 - 11:12- Fixed IncomeImportant- Source: WSJ

CommoditiesFixed IncomeUnited StatesFederal ReserveLocal CorpESOilGoldChinaEversource EnergyElectric UtilitiesElectric Utilities (Group)Utilities (Group)EnergyMetals & MiningMaterials (Group)MetalsS&P 500 IndexEquitiesUSDImportantEU SessionAsian SessionCentral BankAsiaGeopolitical

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