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China State Council may signal new easing: Nomura

HONG KONG (MarketWatch) -- A meeting of China's cabinet, the State Council, this week will likely discuss economic policies for the second half of the year and possibly lay the ground for more fiscal stimulus, according to one analyst. In a note Monday, Nomura analyst Zhiwei Zhang said research trips over the weekend by Premier Wen Jiabao and Vice Premier Li Keqiang helped set the tone for the State Council meeting, which reportedly is slated for Wednesday. Zhang cited Premier Wen as emphasizing downward pressure on the economy, while also referring to the need for policy fine-tuning. "The press release from the State Council meeting may help shed some light on specific policy-easing measures," Zhang said.