The stock market rally may receive support from China. This country’s central bank may soon begin to lower interest rates to counter China’s declining economy.

Inflation has abated in that country and provides less reason for high interest rates there.

The People’s Bank of China (PBOC) has cut its reserve requirements for Chinese banks while the country’s exports have weakened.

This cut in required reserves comes at a time when Western central banks are pausing to assess their recent monetary expansion. Further monetary expansion may come from the PBOC. To the extent that such expansion moves money into the stock market, China could provide fuel for this rally.

Trading Economics has great data and graphs: http://www.tradingeconomics.com/china/indicators