Daily Comments 08.13.20
In a bid to contain financial risks, China’s banks are expected to write off almost $500B in bad loans this year. Asian markets were mixed. The Nikkei 225 jumped +1.78% while the Shanghai Composite edged up +0.04%.
European markets declined. The DAX was off -0.50%. 10-year Bunds yield -0.409% more...
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