China said to have given Evergrande instructions to avoid near-term default on dollar bonds
Risk loving the headlines here
Chinese financial regulators are said to have issued a broad set of instructions to Evergrande, telling the company to focus on completing unfinished properties and repaying individual investors while avoiding a near-term default on dollar bonds.
That fits with talk that the government is going to step in and oversee more control of the company, as outlined yesterday. In case you missed it, here is Adam's take on that.
S&P 500 futures are up 0.8% on the day now with the dollar and yen continuing to be pressured near the lows for the day in European morning trade.