OK, so China eases (not unexpectedly, just a question of when it would happen):
The People’s Bank of China said it is cutting the reserve ratio requirement for banks by 50 basis points starting from May 18
A couple of days after JPMorgan announce their $2bn derivates schmozzle loss (ps. Save The Whale!) and European elections the previous weekend combine to keep stock markets in Europe and US pretty much offered all week.
If I was a tin hat type I might surmise that the Chinese easing has come after some big traders had got their buy orders filled and now its time to turn this sucka around. If I was a tin hat type …