Be in the know. 10 key reads for Wednesday…

  1. Nvidia’s CEO Still Plans to Sell High-End Chips in China (wsj)
  2. Still, the ping from Moody’s (on China) isn’t being seen as dire. “These ratings downgrades or negative outlook shifts often mark the low in terms of bad news and market selloffs,” said Viraj Patel, global macro strategist at Vanda Research. (bloomberg)
  3. PBOC Steps Up Yuan Support Via Fixing After Moody’s Outlook Cut (bloomberg)
  4. “This may indicate a willingness by policymakers to place greater emphasis on bolstering economic growth by backstopping the more fiscally vulnerable parts of the country.” (bloomberg)
  5. 11 Beat-Up Big Stocks (Like GM) Are Worth More Dead Than Alive (investors)
  6. China Pro-Growth Stance Seen With 2024 Targets (bloomberg)
  7. Taylor Swift is Time’s person of the year (marketwatch)
  8. BABA-SW To Pay FY23 Annual Div. Next Mth (aastocks)
  9. Against the odds, China’s push to internationalise its currency is making gains (ft)
  10. Job data suggests ‘soft landing’ is increasingly likely, economists say (cnbc)