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PBOC Cuts Reserve Requirements after Inflation Measures Ease

From marctomarket.com

The capital markets are winding down what has been a challenging week that has seen equity markets slide and the dollar and bonds rally. The MSCI Asia Pacific fell for the fourth consecutive session, but the more interesting story may be the intrasession recovery that could set the stage for a better performance next week. The Nikkei gapped lower and rallied by around 2%, though still closed (0.65%) lower. Similarly, the Shanghai Composite recovered to new session highs after dropping over 1.1% at the open and closed less than 0.1% lower. South Korea and Taiwan indices fell a little more than 1% and still closed near ... (full story)

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  • Category: Fundamental Analysis