Global markets sentiment dramatically improved yesterday as markets took heart that China’s latest move to buy soya beans from US again and had signaled to cut US auto import tariff from 40 to 15%.
Of course, markets also welcomed news that Hua Wei ‘s chief financial officer was granted bail by Canadian court and Donald Trump signaled he was ready to intervene should it helped cutting a trade deal with China.
However, analysts cautioned the political future of Teresa May was on the edge as she tried to head off No Confidence vote within her party. Having said that Sterling Pound was faring well indicated markets believed May could survive the vote at least for the moment.
In general, that the markets all over the world rebound a bit with smaller volume suggested to analysts that the long awaited Christmas has come early.
Should that be the case, some ask the prospect of investment banks Macquarie Bank. Our guest, Charley Wang, CEO of 123 Property Management, gives us some light on this issue.
