Danske Bank analysts point out that for the markets, it is noteworthy that the Chinese central bank once again injected cash into the system overnight.
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“The central bank offered 80b yuan of seven-day funding, the biggest single-day injection in more than a month. It has fuelled hopes that the Chinese will stimulate the economy further and Chinese stocks are close to 2% higher this morning and both European and US equity futures are pointing higher.”
“A 90-day waiver granted for certain US broadband companies using Huawei equipment might have also helped sentiment. Google will also be able to provide key Android mobile updates for 90 days.”
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