VCSC Daily - Markets rally on expectations of lower rates

Market Commentary

20 Feb 2012

Asian stock markets rose sharply Monday on China's policy easing measures and encouraging developments around Greece. China eased policy to boost its economy by cutting banks' reserve requirement ratio to 20.5% from 21%, freeing up USD10bn for loans. Negotiations over a crucial second bailout package for Greece are likely to be finalised this week. Markets expect finance ministers of Euro countries meeting Monday to finalise the terms of the bailout. Further bolstering domestic market sentiment

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