Denmark Retail Sales (YoY): 2.7% (March) vs 0.8%

International ratings agency Fitch estimates that the People's Bank of China's (PBoC) reserve requirement ratio (RRR) cut effective April 20 will release 1.5 trillion Yuan (USD240 billion) in liquidity, while it will lower borrowing costs and alleviate the debt-servicing burden for both state owned and private companies as well as local governments.