I See Bubbles Everywhere...

Mild risk off feel to markets this morning...

In Asia, comments from China's banking and insurance regulator chief seem to have weighed on already fragile sentiment - more on those in a sec...

The Hang Seng has been under pressure since the 'stock duty' hike and these comments have not helped.

U.S. indices are taking a breather after yesterday's rally, oil is lower and the U.S. 10Y yield has stabilised between 1.4 & 1.45% for now. King Dollar is also looking perky...

So, what's China's banking regulator got his beady eye on?

China ‘Worried’ About Bubbles

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Tim Vollans

• Spain

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