Reports that China weighs curbs on stock speculation

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Reports that China weighs curbs on stock speculation

PBOC sets USD/ CNY mid-point today at 7.1052 (vs. estimate at 7.1405) PBOC CNY reference rate setting for the trading session ahead.

HSBC sees S&P 500 bull case at 7,000 after earnings strength. Also, expects the Federal Reserve to cut rates in September but sees a shallower easing cycle than markets currently anticipate.

PBOC is expected to set the USD/CNY reference rate at 7.1405 – Reuters estimate

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