UBS: China’s AI power build-out (5–6GW) is modest vs U.S. (40–45GW), signalling no bubble. UBS lifts China power-demand outlook, sees AI-driven surge and faster energy investment.
PBOC is expected to set the USD/CNY reference rate at 7.0964 – Reuters estimate
China opens doors for private capital in infra projects, lifting ownership caps. FDI down 10% signals shift.
Gold rebounds to $4,260 on ETF demand; UBS sees 10% upside on risks. Trading volume hits $208B.
China - Evergrande Property Services invites updated bids as liquidation process advances The slow progression underscores ongoing uncertainty around asset realisation from the wider Evergrande collapse.
El-Erian flags consumer spending risks & $18.5T debt refinancing at higher rates. Watch for credit 'accidents'!
Dow, S&P, Nasdaq futures tick up 0.2% after sharp sell-off. Fed rate cut odds dip to 52% for Dec.
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