China’s Ministry of Finance Minister Lan Fuan published a signed article on October 1, clearly stating that the government will strengthen counter-cyclical adjustments and reasonably maintain the size of deficits and expenditures. The official statement said that it will make comprehensive use of instruments such as treasury bonds, ultra-long special government bonds, and local government special bonds to mitigate short-term economic fluctuations.
This fiscal policy guidance is crucial to global expectations for macro liquidity. The market had previously been debating the intensity of fiscal stimulus; with clear signals that ultra-long special bonds and treasury bonds will be stepped up, confidence in an optimistic outlook that Asia’s economic fundamentals are bottoming out and beginning to recover has been effectively reinforced, boosting risk appetite.
Driven by strong catalysts from favorable policy moves, global risk assets have shown a synchronized uptrend. Asian equities led the rally: Japan’s Nikkei 225 surged 3.00% to 68,763.36 points, while South Korea’s KOSPI rose 1.3% to 6,932.14 points. U.S. stock index futures also moved higher across the board, with Nasdaq futures up 1% and S&P 500 futures up 0.5%.
From a technical perspective, risk-asset sentiment has rapidly heated up, creating a favorable liquidity overflow environment for the crypto market. $BTC has confirmed that it is effectively stabilizing at a key support level. As capital accelerates into high-beta assets, it is expected to form a structure that breaks upward with increased volume over the resistance level, thereby extending the bullish trend.📈
#MacroEconomics #FiscalPolicy #GlobalMarkets
This fiscal policy guidance is crucial to global expectations for macro liquidity. The market had previously been debating the intensity of fiscal stimulus; with clear signals that ultra-long special bonds and treasury bonds will be stepped up, confidence in an optimistic outlook that Asia’s economic fundamentals are bottoming out and beginning to recover has been effectively reinforced, boosting risk appetite.
Driven by strong catalysts from favorable policy moves, global risk assets have shown a synchronized uptrend. Asian equities led the rally: Japan’s Nikkei 225 surged 3.00% to 68,763.36 points, while South Korea’s KOSPI rose 1.3% to 6,932.14 points. U.S. stock index futures also moved higher across the board, with Nasdaq futures up 1% and S&P 500 futures up 0.5%.
From a technical perspective, risk-asset sentiment has rapidly heated up, creating a favorable liquidity overflow environment for the crypto market. $BTC has confirmed that it is effectively stabilizing at a key support level. As capital accelerates into high-beta assets, it is expected to form a structure that breaks upward with increased volume over the resistance level, thereby extending the bullish trend.📈
#MacroEconomics #FiscalPolicy #GlobalMarkets