China To the Rescue?
Tweet
Share
E-mail
It may not be Ben Bernanke and the U.S. Federal Reserve that rescues the stock market, it may be their counterparts in China instead.
Some are attributing today's rise in U.S. stocks to speculation in China that the central bank there may stop tightening monetary policy and instead start easing.
China's central bank could seek to bolster liquidity by buying bills from banks or by cutting bank reserve ratios, the China Securities Journal reported.
Inflation data set to be released on September 9th could give China's central bank the leeway needed to ease if consumer price advances slow as expected.
Hong Kong shares jumped higher Wednesday on speculation such a move could be forthcoming. The Hang Seng rose 337.50 points, or 1.7 percent.
Some are attributing today's rise in U.S. stocks to speculation in China that the central bank there may stop tightening monetary policy and instead start easing.
China's central bank could seek to bolster liquidity by buying bills from banks or by cutting bank reserve ratios, the China Securities Journal reported.
Inflation data set to be released on September 9th could give China's central bank the leeway needed to ease if consumer price advances slow as expected.
Hong Kong shares jumped higher Wednesday on speculation such a move could be forthcoming. The Hang Seng rose 337.50 points, or 1.7 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed Weekly Balance Sheet $7.45 Trillion vs $7.46 Trillion Last Week
- IBM (IBM) Nears Acquisition of Software Provider HashiCorp (HCP) - WSJ
- Uniti Group (UNIT), Windstream Said To Near $15 Billion Combination - Bloomberg
Create E-mail Alert Related Categories
Fed, Insiders' Blog, RumorsRelated Entities
Ben S. BernankeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
