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POLL-China's central bank likely to ease policy again by end-Dec

Aug 28 (Reuters) - China's central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets. The People's Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, acting amid ...
Source: Reuters | By: Sumanta Dey
REUTERS POLL-PBOC SEEN REDUCING RRR TO 17 PCT BY YEAR-END, 16 PCT BY END-2016

REUTERS POLL-PBOC SEEN REDUCING RRR TO 17 PCT BY YEAR-END, 16 PCT BY END-2016Media Link
Source: Reuters
VW Finance sees boost from China reserves policy move

* Central bank allows lower reserve holdings for leasing companies * VW Finance says move frees up more than 200 mln yuan * Says can use the extra funds to boost falling car sales * Daimler and BMW say also expect a boost to the industry * Financing more common in China for foreign and luxury brands BEIJING, Aug 28 (Reuters) - When China's central bank singled out auto financing companies for ...
Source: Reuters | By: Jake Spring
Shanghai closes up 5.4% to reclaim key 3,000 mark

China's Shanghai Composite index closed up 5.4 percent to reclaim the critical 3,000 mark, tracking the upbeat sentiment across the region underpinned by Wall Street's biggest one-day gain since 2011 overnight. According to Reuters, the Shanghai bourse posted its biggest one-day percentage gain in nearly two months. After six consecutive days of declines, the Nasdaq Composite (NASDAQ: .IXIC) ...
Source: CNBC.com | By: See Kit Tang
Stocks leap about 4% in recovery, best day since 2011

U.S. stocks shot higher on Wednesday, rebounding from six consecutive days of declines that pushed the major averages into correction territory. ( Tweet This ) In addition to an oversold bounce, some analysts also attributed the gains to comments from the Fed's William Dudley that a September rate hike looks "less compelling" and a strong durable-goods report. The major averages closed about 4 ...
Source: CNBC.com | By: Evelyn Cheng
Stocks briefly spike on Dudley, Dow now up about 200 points

U.S. stocks jumped on Wednesday, attempting for a second day to bounce from a recent plunge, as investors eyed a solid durable goods report and stimulus in China. Stocks briefly attempted a recovery after New York Federal Reserve President William Dudley said in a question-and-answer session that a September rate hike looks less compelling . In prepared remarks, he said the region is doing ...
Source: CNBC.com | By: Evelyn Cheng
NYSE invokes Rule 48 for third straight day: Dow futures imply higher open

U.S. stock index futures pointed to a sharply higher open on Wednesday after a highly-volatile session for China's Shanghai Composite (Shanghai Stock Exchange: .SSEC), with investors left largely unimpressed by the stimulus measures from the People's Bank of China. The New York Stock Exchange invoked Rule 48 for a third straight session, after implementing the rule on Monday and Tuesday, Dow ...
Source: CNBC.com | By: Jenny Cosgrave
Traders prepare for volatility after China seesaws

U.S. stock index futures pointed to a higher open on Wednesday after a highly-volatile session for China's Shanghai Composite (Shanghai Stock Exchange: .SSEC), with investors left largely unimpressed by the stimulus measures from the People's Bank of China. Investors are finding it difficult to know which direction to turn, with global indices flipping wildly between gains and losses after ...
Source: CNBC.com | By: CNBC.com staff
WRAPUP 2-China stocks slip as rate cut fails to convince investors

(Updates to market close, changes slug from CHINA-MARKETS/) * CSI300 Index down 0.6 pct, Shanghai Composite falls 1.3 pct * Central bank cut interest rates late on Tuesday * High volatility underlines brittle confidence * PBOC says "still downward pressure" on China growth HONG KONG/SHANGHAI, Aug 26 (Reuters) - China's turbulent stock markets slipped again on Wednesday, as a double-barrelled ...
Source: Reuters | By: Saikat Chatterjee and Samuel Shen
WRAPUP 1-China markets jump after rate cut, but worries linger

* CSI300 index up 3.3 percent * Shanghai Composite Index up 2.5 percent * Central bank cut interest rates late on Tuesday * Market spent most of morning down, lacking confidence in policy moves HONG KONG/SHANGHAI, Aug 26 (Reuters) - China's turbulent stock markets turned sharply higher at midday on Wednesday, following Tuesday's strong dose of central bank stimulus, though confidence in ...
Source: Reuters | By: Saikat Chatterjee and Samuel Shen