First rumour of the day from China ...

  • That's China's state agency for margin finance is raising 1.4 tln RMB in interbank loans
  • In order to prepare for a new round of stock market rescue

This follows on from the state buying yesterday: Shanghai Comp Index up 5.3%, CS1300 +5.9%, first gains in 6 days ... talk of state buying today to boost markets ahead of military parade

and also China's state pension fund expected to announce further investment plans