- On a special, blog-only edition of Market Week in Review, Head of Equity Portfolio Management for North America, Megan Roach, recapped recent market performance and discussed recent actions taken by China’s central bank to boost economic growth.
- After a recent bout of weakness in markets, the week of Dec. 6 brought a recovery in equities, Roach said, with both the S&P 500® Index and the MSCI All-Country World Index up approximately 3% at week’s end.
- The People’s Bank of China (PBOC) also announced an increase from 7% to 9% in the foreign exchange reserve requirement ratio, also effective Dec. 15.
For further details see:
Key Watchpoints For Markets As U.S. Fed Meeting Looms