90 seconds @ 9am US inflation stubborn, equities revalue lower
with news all eyes this week will be on how equity markets react to stubborn US inflation and the expected Fed resolve.
But first, in China they are about to dump the respected technocrat boss of their central bank with new political appointments and giving Beijing even closer control over monetary policy.
Separately, the central bank released a standard quarterly "implementation report" on Friday, saying it wants to avoid "flood irrigation" of new debt to support their recovering economy.