All markets fared well, led by China and Hong Kong stock markets.
On the hand, US President, Federal Treasurer, and White House Economic Advisory all revealed more details about the truce with its Chinese counterparts.
Will this be seen as a stimulant for further market surge or a means to keep China in check? It remains to be seen.
Having said that, Reserve Bank Australia (RBA) will announce its decision on any rate change. The consensus is RBA will not move yet.
Our guest, Morgan’s Asian Desk Chief, Raymond Chan, will further analyze why RBA is expected to move not until mid of next year.
