Monday, 1 August 2011

Chinese banks may begin to restrict lending

Further jitters were sparked by sharp falls in Chinese stocks, which fell more than 5 percent at one point .SSEC, partly due to concerns that Chinese banks may begin to restrict lending.
However, European shares managed to stage gains in early trade, trading up 0.4 percent .FTEU3, which traders said helped to limit losses in the euro and other riskier currencies.

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