Market participants are becoming concerned about the lack of progress in Brexit talks after the latest round of EU-UK negotiations ended with little agreement on any issue. The financial-services sector is basing its planning on a no-deal Brexit, said Rob Moulton, a partner at the Latham and Watkins law firm. Practice Insight (28 May.)
The People's Bank of China poured 300 billion yuan into financial markets Friday and a net total of 670 billion yuan over the past seven days to provide additional liquidity, according to a statement on its website and third-party calculations. The central bank also held its 7-day reverse repurchase rate steady at 2.2%. Reuters (28 May.)
More than two months after the Federal Reserve's promise of emergency loans triggered a market rebound, an estimated $95 billion of $2.6 trillion available has been disbursed. Financial Times (subscription required) (27 May.)
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