MNI China Daily Summary: Monday, June 24

MNI BRIEF: China Urges Removal Of Car Buying Restrictions

MNI: PBOC Net Injects CNY46 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1201 Mon; -1.20% Y/Y

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1201 MON VS 7.1196

MNI: UK JUN CBI INDUSTRIAL TRENDS TOTAL ORDERS -18

CBI Price Expectations Return to Similar Levels to Mar'24 High

IFO Suggests Stall in Recovery

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A Fresh Record For E-Minis

EQUITIES

S&P 500 e-mini futures powered on overnight, breaching 3,500 for the first time, dragging the major regional equity indices higher in the wake of Fed Chair Powell's Thursday address. There was little in the way of notable headline macro flow during Asia-Pac hours, with U.S. President Trump's formal acceptance of the Presidential candidacy of the Republican Party providing no content of any real surprise.

  • It would seem that the Fed's stress on running the economy hot and the elongated monetary policy support that implies is outweighing the prospect of higher longer dated yields, at least in the immediate term.
  • The ASX 200 bucked the broader trend as the materials sector struggled.
  • Nikkei 225 +0.6%, Hang Seng +0.7%, CSI 300 +1.0%, ASX 200 -0.5%.
  • S&P 500 futures +22, DJIA futures +216, NASDAQ 100 futures +54.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
CommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.