Markets are on PBOC rate cut watch
The chatter has been around all week and Adam had some thoughts of when they may act. The last couple of times they cut in the UK/EU morning between 10.00 - 11.30am GMT with the last one coming on a Friday
Eamonn had the story of the PBOC supposedly intervening in the Yuan overnight
Given that Chinese stocks had an up day it may be that the Chinese just want to see things settle down before deciding whether there's any real lasting damage, or problems in the economy that they need to address with a cut
Whatever happens, the shadow of possibility looms large
