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PBOC says to step up financial support to small and medium-sized businesses 0 (0)

PBOC issues guidelines on increasing financial support to SMEs
– To allow SMEs to delay some loan repayments to 2021
– PBOC to buy SME credit loans from some qualified banks
The fact that China is continuing to take added action in order to bolster support for the financial system and smaller firms goes to show that the

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Russia says that OPEC+ talks are ongoing, no need to get ahead of ourselves 0 (0)

Comments by the Kremlin spokesman
– Putin has no plans yet to meet with Russian oil companies
– Putin is in constant contact with energy minister Novak
Just some token remarks for now, as the bloc continues to plan to move their next meeting date from next week to 4 June instead. It will be interesting to see

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Japan Capital expenditure for Q1: +4.3% y/y (expected -5.0%) 0 (0)

Japan data from January to March 2020
– Capital spending +4.3% y/y vs. expected -5.0% y/y, prior -3.5%
– Capital spending excl. software +3.5% y/y vs. expected -5.5% y/y, prior -5.0%
Some handy beats for capex in Q1. Looking ahead, that epic drop in company profits does not auger well for Q2 capex. Profits biggest drop since Q3

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