💨 Abstract

Chinese stocks surged on Wednesday, boosting regional markets and risk-sensitive currencies, while Brent crude hovered near a three-week high. The dollar weakened due to weak US macroeconomic data, boosting the case for a second rate cut by the Federal Reserve. Gold rose to a new all-time peak. Mainland Chinese blue chips advanced 3.1%, and Hong Kong's Hang Seng climbed 2.2%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖