Pinpoint chief economist Zhiwei Zhang: China's timing of monetary stimulus is likely tied to developments in the foreign exchange market, the current USD/CNH level indicates there is no longer significant pressure for the yuan to depreciate against the dollar, especially after several Asian currencies have appreciated recently.
Deutsche: US companies are set to repurchase a record $500 billion of their own shares. Stronger-than-expected earnings have left companies flush with cash, while trade tensions and depressed stock prices have made buybacks an appealing option.
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ING: China's recent monetary stimulus package is likely timed to coincide with the upcoming US-China trade talks
Citi: Beijing's latest 10-measure stimulus package is a timely and strategic move that could provide leverage ahead of potential trade negotiations with the US
Capital Economics Zichun Huang: "Today’s easing measures are no substitute for an expansion in fiscal support, the economic impact of the announced policies is likely to be positive but modest."
ANZ Research: China's recent stimulus package indicates that the government is concerned about achieving its 5% economic growth target for the year
Maybank's Erica Tay: China's latest stimulus package is substantial and could strengthen Beijing's position in talks with the US. The pledge by China's securities regulator to stabilize the stock market through a stabilization fund represents a significant shift towards full-throttled support for Chinese equities. The message to stock investors is clear: the state has your back.
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China adds to state gold reserves for sixth straight month. China gold reserves $243.59 billion at end-April vs $229.59 billion at end March -PBOC
The US dollar could face a $2.5 trillion sell-off as Asian exporters and investors unwind their dollar reserves -Stephen Jen of Eurizon SLJ Capital