GOOLSBEE: WE HAVE TO WAIT AND SEE WHAT HAPPENS WITH OIL MARKETS

China’s Shenzhen Intermediate People’s Court held a public trial on April 13–14 for cases involving China Evergrande Group, Evergrande Real Estate Group and founder Xu Jiayin, according to CCTV. Prosecutors charged the defendants with a range of offenses including illegal fundraising, fraud, improper loan issuance, bond issuance fraud, information disclosure violations and bribery. Xu reportedly pleaded guilty and expressed remorse in court. The court said it will announce the verdict at a later date.

BALTIC DRY INDEX RISES 4.62% TO 2,354 POINTS