During his LIVE interview with CNA earlier this morning, Fullerton Markets’ Chief Strategist, Jimmy Zhu, discussed the latest developments in the global economy.
Key takeaways:
👉 US jobs data has limited effect on the taper timeline, even though hiring was at its slowest pace in about 7 months
👉 Duration of the tapering timeline is more important than when the tapering timeline will start, as it will show how gradual the pace of tapering will be
👉 Gold and Bitcoin rebounded, despite US jobs data
👉 PBOC likely to announce more easing through RRR, as China's export numbers show signs of slowing down