Wall Street Perturbed By Lack Of Policy Response

Trading in the U.S. index futures suggest that Wall Street stocks may start the week on a weaker note, as a lack of any G20 action, the nonchalance of Chinese officials and oil’s volatility continue to pressure stocks. That said, the Chinese central banks responded with a 50 basis point cut in reserve requirement after the markets in the region closed mixed, with China in fact closing at a 1-month low. Data released from Japan was mixed.