It's been an underwhelming start to the week in financial markets with the eternal optimism of investors clashing with the reality of Chinese economic data.
There's a bizarre willingness to turn a blind eye to the economic reality at the moment as long as the Fed doesn't raise rates too fast. That doesn't feel particularly sustainable but as we've seen so often before, it can last much longer than you may expect.
Rate cut does little to ease Chinese fears
The economic data from China overnight
15-08-2022 05:36 GMT
by Craig Erlam