Last Friday we saw a sell off in the market. The News telling us that's it because new trading regulations in China and a possible Grexit (Greece could leave the euro zone).
Today China's reaction to the sell off is to cut the reserve requirement ratio (RRR) for all banks by 100 bp (1 percent).
It is the second reduction in two months.
China has taken this step to boost growth (fight slowing growth) by reducing the amount of cash banks must hold.
This simply means more fuel to invest in stock market.
I buy Nikkei at 19330
Today China's reaction to the sell off is to cut the reserve requirement ratio (RRR) for all banks by 100 bp (1 percent).
It is the second reduction in two months.
China has taken this step to boost growth (fight slowing growth) by reducing the amount of cash banks must hold.
This simply means more fuel to invest in stock market.
I buy Nikkei at 19330
