July 9, 2021
Much of the attention has been on the Fed and how they will respond to the U.S. economy, but the Chinese central bank made a splash with policy news this week. The People’s Bank of China will free up about one trillion yuan, about $154.19 billion, by lowering the minimum reserve requirement of its country's banks. PBOC will lower the reserve requirement ratio by 50 basis points to do this. The post-pandemic run has been strong for China’s economy, but it has stalled as of late. Peak demand and growth rates are coming down and weakening exports stemming from producer price inflation are slowing the economy. The PBOC says monetary policy will remain unchanged and the change in reserve requirements will help repay the maturing debt and ease the tax burden.
FINSUM + Magnifi: A year-end close of 4300 promises both volatility and some slumps. Funds that benefit from volatility or reverse performance will combat a second half that looks like this.
Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of July 2021, 450,000+ users with $541+ billion in Assets Under Influence, have used Magnifi over 8,800,000 times. Try it for yourself today.
This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]