sam vadas filed this report. >> reporter: chinese sftocks getting the friday feeling as investors cheerhe stimulus blitz. the pboc following with the promise thismorning cutting the rrr, the amount banks must hold in reserve by 50 basis points, effective today after cutting the mlf rate earlier this week. they are followed on by the bureau meeting this week which followed fiscal policy coordination and more support for the housing sector. the leadership doesn't usuallily talk about the economy in the september meetings which markets are interpreting to the level of urge ri. the economists are wondering if it is the chinese draghi moment. they are looking at more industrial profits falling back into contraction in august. the rally too hot to handle. the shanghai stock exchange with slow trading. one taking to x saying the system was overwhelmed and the chinese market is absolutely on fire. analysts see further upside as investors are loading up, but the stock market enthusiasm does need to be matched by the private sector and consumer. there's just one more trading day for the chinese m

in singapore, i'm sam vadas, cnbc business news. >> let's get more with our guest.nk you for taking the time this morning, rory. what chinese policymakers want to do is boost sentiment across the board and they did this successfully if you look at the green on the charts. the question is is this sustainable? what do you think? >> i think the rally has further to go. the sentiment has been extraordinary speaking to traders. they're describing it like going from the hospital death bed straight to the party in the nightclub. there is a big fomo here. people are under weight and undr invested. this has further to run on the investment side. we need to see more on fiscal. this is not enough to turn the economy around. on the equity side, certainly more room to run. macro, more fiscal needed. >> rory, i want to stick with the sentiment side and we'll talk about the fiscal side. you make important points in your notes. on the sentiment side, we have seen david tepper come out on this channel saying i'll get everything. we have seen reduction in the international exposure.

in singapore, sam vadas, cnbc business news. >> that's the latest from china.ant to take you to the big theme this week. that's central banks because we are going to hear from the fed, the bank of england and bank of japan and norges bacnk. they are all set to report their policy decisions this week. the fed rate decision and markets are now pricing in a 60% chance of a bumper 50-basis point cut amid concerned concerns amid the labor market. wall street is split with citi and jpmorgan economists backing a 50-basis point move lower. now the bank of england is expected to keep rates on hold when it meets on thursday. although markets see an over30% chance of a cut. the central bank will not release fresh economic forecast this week with those due in the next meeting in november, but we will have fresh information data head of the decision. andrew bailey sounded cautious in jackson hole. in terms of the norges bank, it is set to report on thursday. it is all certain to keep the rates on hold and adding to inflation concerns. when the central bank reported in sugge