China signals caution towards monetary easing

Source: Bloomberg
Despite economists' forecasts China decided to postpone the reduction in lender reserve requirements, indicating caution towards monetary loosening. Barclays Capital Asia and JP Morgan Chase & Co expected the reserve ratio to be cut before the Lunar New Year. Instead the PBOC applied reserve repurchase contracts to flood money in to China's financial system. Asian shares modestly declined on Monday. 
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Mon, 30 Jan 2012 07:17:37 GMT

Euro breaches gains ahead of EU summit

17-nation currency weakened against the greenback on Monday, breaking five-day gains before EU leaders gather in Brussels to keep struggling with debt crisis. Euro fell 0.3% against US Dollar in Asian trade, reaching $1.3178 and gave up 0.4% against Japanese Yen, dropping to ¥101.03. Currently EUR/USD is trading at $1.3169 while EUR/JPY is trading at ¥101.97.

Fri, 27 Jan 2012 17:58:20 GMT

Hang Seng 0.3% up on Friday

Hong Kong's Hang Seng index extended gains on Friday, led by telecommunication and banking shares. Hang Seng index climbed 0.31% or 62.53 points and finished at 20,501.67. HSBC Holdings PLC added 0.9% and China Mobile Ltd. surged 1.99%. Banks showed better performance on hopes that year 2012 will be more successful for equity markets. On the downside property shares retreated

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