Thanks to the annual delay in 1Q demand statistics out of China, the markets are turning to National Development and Reform Commission (NDRC) data, which is of little use as a demand indicator, note Morgan Stanley analysts. Iris Yao and team point out in their report titled “Weaker USD Tailwind may be Muted” that the details of the U.S. January oil production data are not bullish. Plethora of negative oil-specific sentiments Yao and colleagues point out that the Fed changing its reaction function to include international factors and that global growth indicators likely mean lower rates for longer, keeping the USD offered…
China NDRC Data Has Multiple Issues: Morgan Stanley
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports