The MSCI all-country world stocks index was up 1.7 percent so far this week, on track for the (third) week of rises. Emerging market stocks, up 2.1 percent in the week, have been a big (contributor).
Chinese stocks will be a focus for investors after (domestic) media reported the country's banking regulator is not planning on raising (capital) requirements, contrary to other reports earlier in the week.
China set the mid-point of the yuan's daily trading (range) at a new high for the sixth consecutive day. This came on the heels of U.S. Treasury Secretary Timothy Geithner's vow to the U.S. Congress to (rally) other world powers to push Beijing to move faster on the yuan.