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PBOC sees liquidity as ample in sign a rate cut is unlikely

  Bloomberg Liquidity in China’s interbank market is more than “reasonably ample,” a senior central bank official said, an indication that further interest rate cuts are unlikely. The 7-day reverse repurchase rate is around 1.6%, lower than the cost of short-term policy loans the People’s Bank of China (PBOC) provides via its daily open market operations, Zou Lan, the head ...

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US equity futures edge higher

Bloomberg US equity-index futures edged up and the dollar’s surge stalled at the end of a week in which markets have been whipsawed by shifting expectations for monetary tightening by the Federal Reserve and worries over global economic growth. S&P 500 and Nasdaq 100 contracts signalled a higher open for US stocks after Wall Street closed with a small drop ...

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Scrutiny of Alibaba sends China tech stocks into tailspin

Bloomberg Investors in China’s tech shares just got another reminder that regulatory scrutiny into the sector is unlikely to go away anytime soon despite a concerted effort by authorities to shore up a flagging economy. On Friday, Alibaba Group Holding Ltd’s stock tumbled 6% on a report that company executives had been questioned in relation to the country’s largest known ...

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