{"id":72264,"date":"2015-05-11T02:44:40","date_gmt":"2015-05-11T06:44:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=72264"},"modified":"2015-05-11T07:07:47","modified_gmt":"2015-05-11T11:07:47","slug":"china-rate-cut-lifts-asian-markets-eurogroup-in-focus","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/05\/china-rate-cut-lifts-asian-markets-eurogroup-in-focus\/","title":{"rendered":"China rate cut lifts Asian markets, Eurogroup in focus"},"content":{"rendered":"<div id=\"inves-82149816\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 11, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Asian markets reacted to news from China that its central bank cut rates by 25 basis points to 5.1 percent, making it the third rate cut in six months. The deposit rate was also lowered by a quarter point to bring it to 2.25 percent.<\/p>\n<p>The move by the People\u2019s Bank of China on Sunday was taken positively by the markets as a recent spate of weak data caused concerns that the world\u2019s second largest economy is facing challenges in growth. Deflation risks are also rising as Saturday\u2019s CPI number was lower-than-expected at 1.5 percent.<br \/>\nThus, the loosening of monetary policy by the PBOC will help boost the economy.<\/p>\n<p>The Shanghai Composite responded to the rate cut announcement with a 1 per cent climb, following a 5.3 per cent plunge last week.<\/p>\n<p>The big focus of the markets later on Monday will be the Eurogroup meeting in Brussels. On top of the agenda will be Greece which is in negotiations with its creditors on a deal so that it would receive billions of euros in much needed bailout funds. However, no breakthrough is expected at today\u2019s talks.<\/p>\n<p>A major sticking point is reforms to Greece\u2019s pension system, something that has put the country at odds with European creditors. Greece\u2019s left-wing government has said it will not break anti-austerity electoral promises,.<\/p><div id=\"inves-2442821040\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>However, Greek ministers says they will honour a payment of 750m euros to the IMF due on Tuesday. Greece has until June to agree a new reform deal with its creditors.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Asian markets reacted to news from China that its central bank cut rates by 25 basis points to 5.1 percent, making it the third rate cut in six months. The deposit rate was also lowered by a quarter point to bring it to 2.25 percent. The move by the People\u2019s Bank of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-72264","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=72264"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72264\/revisions"}],"predecessor-version":[{"id":72281,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72264\/revisions\/72281"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=72264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=72264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=72264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}