BLOOMBERG Europe’s stocks are far from cheap. That’s according to Robert Parkes, head of European equity strategy at HSBC Holdings Plc, who says the market is “fully valued and bordering on expensive.” To illustrate, he pointed to the MSCI Europe Index’s price-earnings ratio, which at about 20 times reported profit is near the highest since 2004. That’s even after …

  Bloomberg China’s central bank boosted the supply of cash in the financial system, helping push the benchmark money-market rate down from a three-month high. The People’s Bank of China sold 180 billion yuan ($27 billion) of seven-day reverse-repurchase agreements, which inject funds into the banking system. That’s the biggest single-day offering of the contracts since June 29. This comes …

  Bloomberg Bank regulators from Tokyo to Frankfurt are joining forces to resist a US-backed push for stiffer capital rules that could heap billions of dollars of new requirements on lenders. Highlighting the stakes, top regulators from Europe, Japan and India are pressing their case in public, shedding light on divisions in the Basel Committee on Banking Supervision as it …