Concerted policy easing
Within 45 minutes
PBoc,BoE,ECB eased
Monetary Policy
Chinese easing surprise
Cut lending rate 31 bps
Second time in a month
No property relaxation
European Central Bank
Cut main rate 25 bps
Bank deposit rate 0%
Some disappointment
Hope for more LTRO
Or a bigger cut
To boost Euro economy
Eurostoxx fell 1.2%
Bank of England
To print 50 bln pd more
QE up to 375 bln pds
Unlikely to help much
Rates at record lows
Borrowers not biting
Already in debt
Banks reluctant to lend
Central banks
Near effective limits
Pushing on a string
Govt spending next
Dow down 0.3%
Eyes on US jobs
Jobless claims down
Better than expected
NZ$ at 80.4 USc
Record high 64.9 euro
2 mth high vs pound
52.8 British pence
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