reserve requirements

China Releases Data and Raises Reserve Requirements to Record High

June 14, 2011

Stocks recovered as China’s monthly data were near expectations and did not point to excessive slowdown.  Equities advanced 1.5% in China, 1.9% in Thailand, 1.4% in South Korea, and 1.1% in Japan.  European stocks followed Asia’s upbeat cue in spite of ongoing concerns about Greece.  S&P downgraded the Greek sovereign debt rating by three steps […] More