Some Chinese property developers at Tuesday’s regulatory meeting expressed intention to extend offshore bond maturities, Reuters reports, citing sources with knowledge of the matter.

They also proposed debt restructuring, the sources added.

Market reaction

The above headlines fail to have any market impact, as the risk-off mood extends into the European session. Although the S&P 500 futures advance 0.15% on the day, pointing to a positive Wall Street open.

Meanwhile, AUD/USD is feeling the pull of gravity, slipping below 0.7500 despite the hotter Australian inflation data.