Daily Market Comment – Muted jubilation as Evergrande makes debt payment
Posted on October 22, 2021 at 9:14 am GMTRelief as Evergrande averts default but China’s property woes not over Stocks mostly up but gains are modest as tech weighs Dollar hovers in recent range, eyes Powell speech for direction Commodity dollars bounce back, flash PMIs support euro and pound Evergrande interest payment calms nerves, slightly Embattled property giant, Evergrande, has reportedly paid its overdue interest on dollar-denominated bonds amounting to $83.5 million following weeks of speculation about its finances. Markets were taken by surprise from the news as [..]