Markets steady as China credit fears ease

  • China and European share steadies on expectation that the Chinese central bank and the authorities will address the current market turmoil. The Shanghai Composite Index slipped 0.2%.

    Markets were gripped by worries that a cash clutch could pressure China's economic growth and take a stand out off the emerging US recovery. The central People's Bank of China’s message to the banks is to administer and manage lending much better.

    Tagged as: Business news, European shares, China shares, China and European shares steadies