Firsts Home

Equity & Derivatives Companies, sectors, M&A and the financial industry
First with China Central Bank Tightening 01.12.2010 Reuters was more than a minute ahead of Bloomberg on January 12 with the biggest news in central banking – China’s increase in bank reserve requirements. The beat was all the more important on this occasion because news of the increase caught financial markets by surprise and set off instantaneous cross-asset tremors. World equities, commodities and the currencies of countries geared to China fell; and the dollar rose. At the heart of this price reaction was the expectation that China had definitively begun to tighten monetary policy with the 50 basis point increase in the reserve requirement ratio — an idea clearly explained in our stories. Once the news alerts hit the Reuters screens, correspondents led by Beijing and Shanghai bureaus pushed out a package of stories with all the details, interpretation and implications of the news, including commentary from analysts and investors around the world, giving clients a complete picture from all angles. MARKET IMPACT World equities, commodities and the currencies of countries geared to China fell; and the dollar rose. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

First with China Central Bank Tightening

01.12.2010

Reuters was more than a minute ahead of Bloomberg on January 12 with the biggest news in central banking – China’s increase in bank reserve requirements. The beat was all the more important on this occasion because news of the increase caught financial markets by surprise and set off instantaneous cross-asset tremors. World equities, commodities and the currencies of countries geared to China fell; and the dollar rose. At the heart of this price reaction was the expectation that China had definitively begun to tighten monetary policy with the 50 basis point increase in the reserve requirement ratio — an idea clearly explained in our stories. Once the news alerts hit the Reuters screens, correspondents led by Beijing and Shanghai bureaus pushed out a package of stories with all the details, interpretation and implications of the news, including commentary from analysts and investors around the world, giving clients a complete picture from all angles.