Kinas indgreb over for den kinesiske teknologi-sektor har skabt bekymring i og uden for Kina med betydelige kursfald, men flere aktier rettede sig i går, efter at kinesiske medier dæmpede deres kritik af teknologi-sektoren.
Market Quick Take
Stocks edged higher on Wednesday as concerns of China’s latest technology clampdown once again eased after Chinese state media tempered their language towards the sector.
In addition, a continued flow of solid earnings from Europe and US also helping to offset a more somber mood in Asia.
The Delta coronavirus variant remains a key focus, not least in the oil market, given concerns that the global economic rebound could be losing steam. A development that may drive additional government support while keeping bond yields low despite rising inflation.
Ahead of Friday’s key US jobs report the market will focus on ADP employment and services PMI data.