"We think this broad-based RRR cut could boost market sentiment in the short term and improve stock market liquidity," UBS analysts Lei Meng and Eric Lin said in a note on Monday.liquidity-sensitive sectors, such as aerospace and defense, electronics, IT and media, according to UBS.
However, the market rally may be short-lived given concerns over China's slowing economic growth, the bank indicated. UBS analysts pointed out that investors' are worried about the weakening pace of China's economic recovery in the second and third quarter this year — and that may weigh on the banking, insurance and consumer sectors.The Chinese central bank's move on Friday signals that the country acknowledges the risks to China's growth, analysts said.
Separately, Eurasia Group analysts said: "The move, which is expected to inject 1 trillion yuan into the economy, is an acknowledgement of strong headwinds to corporate profitability, financial stability, and growth."
$DRV buy now don't pay your rent or mortgage. Say act of God Clause Sue me like the insurance company. Pay them out of unrealized gains
Cramer 'Buy DIDI'
Let me get my satanic mechanic...
I invite you to Islam. Read and understand the Holy Quran. The only religion in the sight of Allah is the true religion and the last religion is Islam. Become a Muslim. Eşhedü enla ilahe illallah wa ashhadu anna Muhammeden abduhu ve rasuluhu.
We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 1BTC ($33,718.80) and more daily! No referral No withdrawal fees If interested, kindly send a DM
Ignore fiat. Bitcoin is king.
wow