Month: November 2021

Liu Shijin, an advisor to the People’s Bank of China (PBOC) warned on Monday, the Chinese economy could enter a period of ‘quasi-stagflation’. Key quotes “China’s economy could enter a period of “quasi-stagflation” with relatively slow growth and excessively high producer-price inflation.” “Such a scenario is “very likely” if demand remains weak, producer prices stay
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Changes for the week are mixed The major European indices are closing the day lower led by declines in the Spain’s Ibex and Italy’s FTSE MIB. The move to the downside were triggered by fears of the Covid resurgence. Austria announced that they would lockdown starting Monday and require vaccinations. Other levels of resurgence in Covid cases are
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XAG/USD finishes the week on the wrong foot, despite falling US bond yields. XAG/USD plummeted in the day as risk-off market mood boosts the greenback. Fed’s Waller and Clarida would like a faster bond taper. XAG/USD Technical outlook: An inverted head and shoulders target the $28.20-30 range. As Wall Street closes, silver (XAG/USD) finished the
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