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FOREX

Greenback Consolidating, NZD Underperforms

HUNGARY

Bubor Rates

EQUITIES

Rally Continues (Though Stalling A Little In Europe)

COMMODITIES

NatGas Resurgence Continues

CHINA
CHINA: VIEW: ING note that they "are looking for a targeted RRR cut this week,
by 0.5 percentage points for some banks on the specific requirement to use the
liquidity for SMEs. On a slightly longer time horizon, we expect an upgrade of
the innovative re-lending programme with a lower interest rate or in combination
with either government guarantees or loan insurance schemes so that SMEs are
more willing to borrow and banks are more willing to lend. In short, a rate cut
is still possible but may not be in the form of Loan Prime Rates but through the
special re-lending programme for SMEs."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com