(MNI) London - Indian Foreign Secretary Vikram Misri met Chinese Vice Foreign Minister Ma Zhaoxu in New Delhi earlier for their first China-India strategic dialogue. A statement from the Chinese Ministry of Foreign Affairs said the two sides "conducted friendly, candid, and in-depth exchanges on the international situation, their respective domestic and foreign policies, international and regional issues of common concern, and China-India bilateral relations." The statement said both sides should "...adhere to the strategic understanding that China and India are partners rather than competitors, [...] and promote the healthy and stable development of China-India relations." These comments were echoed by an Indian Ministry of External Affairs spox.
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Prices bounced again Thursday, supported by strength in global bond markets and a smoother inflation picture at the December CPI print. As such, prices edged further away from recent lows. Nonetheless, slower pricing for additional RBA easing - and partial pricing for a return to rate hikes in 2026 - should keep the front-end of the curve under pressure. This keeps prices well below prior resistance at 96.615, the Sep 12 high, and refocuses attention on 95.480 as the next major support.
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