State media reports said that the People's Bank of China could potentially cut its reserve ratio requirements sooner than expected, providing local markets with more liquidity. Chinese officials also talked up potential fiscal support for the economy.
Beijing had over the weekend said it will halve the stamp duty collected on stock trading in the country, as part of broader measures aimed at helping local equities. The measures helped trigger sharp gains in local stocks. data from the country, due on Thursday and Friday. The readings are expected to offer more cues on a slowing economic recovery in the country, with analysts expecting this week’s readings to show little improvement.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »