PBoC
Stocks Regroup as Markets Await Obama’s Budget Speech
April 13, 2011
Equities advanced 2.3% in India, 1.4% in China, 1.6% in South Korea, 0.9% in Japan, 1.1% in Singapore, 0.7% in Hong Kong and 0.6% in Taiwan and Malaysia. In Europe, the German Dax, British Ftse, and Paris Cac have recovered 1.1%, 0.9% and 0.8%. The improved tone of stocks after losses earlier this week occurred […] More
No Rate Hike in China
December 13, 2010
The People’s Bank of China failed to complement the recent increase of reserve requirements with an increase in central bank interest rates. The move in reserve requirements, it is now clear, was intended as a substitute tightening move and one that would put less upward pressure on the yuan, which fell back 0.2% against the […] More
Another Tightening of Chinese Reserve Requirements
December 10, 2010
The dollar is unchanged against the euro, Canadian dollar, and Chinese yuan but has dropped 0.5% against the kiwi, 0.4% relative to the Australian dollar and sterling, 0.2% versus the yen and 0.1% against the Swiss franc. Equities in Asia fell by 1.0% in Indonesia, 0.9% in Malaysia, 0.8% in Singapore, 0.7% in Japan, and […] More
