China is responding to the slump in its stock markets and the slowdown in the economy with a trickle of stimulus to stabilize, rather than rejuvenate, investor sentiment. The central bank plans to give 10 billion yuan ($1.4 billion) to China Bond Insurance Co. to provide credit support for debt sales by private enterprises
Banking
Gold Prices Slip, Nicked by Rising Bond Yields – Gold Silver Reports
Gold futures inched lower on Wednesday as elevated bond yields hovered near their steepest since 2011, dulling demand for the precious metal.
Banking Indices Fall After RBI Discontinues LoUs 👍👍👍
Gold Silver Reports (GSR) – Shares of the government-owned and private sector lenders were trading lower after the Reserve Bank of India decided to discontinue issuance of letters of undertaking (LoU) and letters of comfort (LoC) for trade credit for imports into India. Gauge of banking shares – Nifty Bank …