Data this week to start revealing coronavirus impact

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Equity investors’ continued faith in central banks is evident in China’s market today, with the CSI 300 index up more than 1%.The index has now recovered all of its losses since trading resumed after the Lunar New Year holiday, rising 10.9% from a low of 3,639 recorded on February 3. China’s PBOC lowered the rate on its medium-term loans to financial institutions to 3.15% from 3.25%, after earlier lowering rates on reverse repurchase agreements by a similar amount. The central bank also announced an injection of 100 billion Yuan of reverse repo to financial institutions. These actions are… Read More:

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