The big news from China was the added easing announced late Friday: PBOC cuts 1 year rate by 25bps and cuts RRR by 50bps

Behind the scenes, the yuan is edging ever closer to reserve currency status, with China and the IMF working assiduously to include the currency in the fund's Special Drawing Rights (SDR)

Bloomberg have a good, quick weekend background piece up on what inclusion in the SDR means for the yuan