Enough- Yuan Stabilizes

(Bloomberg) The yuan recovered from a steep decline overnight amid signs authorities were seeking to halt the plunge that have hit Chinese markets this week. The central bank’s apparent indifference to the drop in the currency have made traders nervous, with some expecting further volatility through the summer. Hopes of currency stabilization have given a boost to battered base metal prices, with copper rebounding as much as 0.8 percent this morning.