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3 Jul 2015
Easing continues in China - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that after cuts to interest rates and reserve requirements last weekend, the PBOC injected some RMB50 bln at the start of the week.
Key Quotes:
"Talk of further investment by local pension funds into equity markets also helped lift stocks, but it was short lived."
"The Shanghai Composite fell over 3% during each of the last six sessions aside from one (+5.5%). Positioning is the name of the game there so volatility will continue and the correction could have a longer to go."
Key Quotes:
"Talk of further investment by local pension funds into equity markets also helped lift stocks, but it was short lived."
"The Shanghai Composite fell over 3% during each of the last six sessions aside from one (+5.5%). Positioning is the name of the game there so volatility will continue and the correction could have a longer to go."