China lowered the reserve requirements for its banks last week, a move tailored to boost risk taking via lending. The move has had the rather perverse effect of sending U.S. and European exchanges higher while Asian equities markets slid lower.
China lowered the reserve requirements for its banks last week, a move tailored to boost risk taking via lending. The move has had the rather perverse effect of sending U.S. and European exchanges higher while Asian equities markets slid lower.