What to expect from China's MoF briefing
Markets are laser-focused on China's Ministry of Finance briefing for an update on fiscal policy to help the shaky economic recovery. I spoke to Brian Mccarthy of Macrolens about expectations
It's been a rollercoaster ride for Chinese stocks this week as markets wait for more news on economic stimulus from Beijing.
Attention now turns to China's MoF briefing tomorrow for an update on fiscal policy to support the wobbly recovery.
Markets are looking for a quantified package of anywhere between 2 to 10 trillion yuan.
But specific numbers do need to be approved by the National People's Congress - so they may not come until the end of the month
In the meantime, financial commentators in China have been urging patience.
Economists say the MoF could still give details about unused bond quotas, as well as more support signals for consumption, infrastructure investment, local governments and banks.
The market is also looking for commitment to a more expansionary stance next year and beyond to rebuild market confidence.
Chinese stocks ended the week lower.
Inflation due Sunday
Trade due Monday
Q3 GDP due Friday