China’s Central Bank Cuts Interest Rates, RRR
The People’s Bank of China (PBOC), the central bank, decided on Friday to cut the reserve requirement ratio (RRR) of banks, and benchmark interest rates.
RRR
China Cuts RRR by 50 Basis Points
China’s central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserve banks must hold, by 50 basis points from Feb. 5.
PBOC to Use New Tools for Liquidity Operations
The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity, rather than turning to conventional tools including lowering interest rates or the reserve requirement ratio, said Zhu Haibin, chief China economist at JPMorgan Chase & Co (JPM, quote).
China’s inflation grows 2.3% in June
The consumer price index (CPI), a main gauge of inflation, softened to a 2.3-percent year-on-year growth in June, triggering concerns of broader monetary policy easing as a whole-year outlook points to a soft inflation rate.
Ten Stocks Bucking The Trend Today
U.S. markets gave up less than a percent across the board, however, several stocks managed to hit 52 week highs today. I always find companies that a can buck broader trend are always worth looking further into. Traders alike have fund many nuggets o the 52 week high list.
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