Australian shares are set for a modest opening gain with commodities higher. BHP, Rio rise overseas. Bitcoin struggling at $US25,000. Follow updates here.
to stage a tradable recovery”Easing intensity shifting to a high gear
: Loosening measures have turned from “piecemeal” to targeted and coordinated as the policy put takes hold. “Bazooka” stimulus remains unlikely but the announced measures should help buttress cyclical growth and curtail systemic risks.: August data have shown signs of growth stabilisation. The inflecting inventory cycle, lagged effects of policy impulse, and potential bottoming out of the global manufacturing cycle are key anchors to our economists’ above-consensus growth forecasts for 2H23.
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