China’s Central Bank Injects $20B to Buoy Stock Market

January 5, 2016 Share Print 0

Squawk Box Live kept an eye on investor reaction after China’s central bank attempted to buoy markets with a $20 billion cash injection on Tuesday.

It comes a day after Chinese stocks were halted for trade following a 7 percent slide in the CSI300 index. The rout resulted in trade being suspended for the day, triggering a global sell-off that left U.S. stocks with the worst start-of-year session since the financial crisis.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.