Chinese brokerages rallied after policy makers loosened controls on margin lending in the stock market.Time to consider tracking a currency adjusted index, just in case.
China Securities Finance Corp., the state-backed agency that provides funding to brokerages for margin trading, will restart offering loans to securities firms for periods ranging from 7 days to 182 days, according to a statement posted on its website Friday. The agency will cut interest rates on the debt to as low as 3 percent, it said. Everbright Securities Co. was among at least seven brokerages to jump by the 10 percent daily limit Monday.
Fed's Beige Book: "Economic activity expanded slightly"
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Fed's Beige Book
*Overall economic activity expanded slightly*, on balance, since late
February. Ten out of twelve Districts experienced either slight or m...
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