Adam had the info posted Monday:

• China pledge to step up policy support underpins rally in oil and Chinese equities

China's official Xinhua News Agency said the ruling Communist Party’s 24-member Politburo met, and promised counter-cyclical policy:

• called for actively expanding domestic demand
• for resolving debt risks
• it left out the slogan of “housing is for living, not for speculation”, a sign that it is considering easing restrictions on the property sector

At the risk of being labelled a stick-in-the-mud, I'm gonna need more than promises from the Chinese Communist Party. Still, the feel good factor would be supportive today. But, more detail will be needed soon lest this wears off.

China has been more of a mouse than a dragon, but lets see what this brings.

This article was written by Eamonn Sheridan at www.forexlive.com.

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