Some legs as continued stimulus and rate cuts will set a temporary floor here in the equities market so we begin the week off in a risk on mood as we get yet another stimulus shock from the central bank this time from china the p. L. C. Has finally launched a long awaited reform to replace its existing fixed benchmark lending rate with a new fluctuating loan prime rate this is now aimed to further lower real Interest Rates for companies essentially amounting to a rate cut the new l. P. R. Will be set on tuesday and subsequently on the 20th of each month as a benchmark rate for banks to price in new loans now more than 30 Central Banks around the world have cut Interest Rates just this year as countries move to shore up their economies amid rising concerns of a Global Growth and trade complex germanys central bank just issued a warning that the country could be slipping into recession as g. D. P. For the 2nd quarter contracted point one percent this further puts pressure on the rest of