Free Trial

After struggling in early trade, on the......>

STOCKS
STOCKS: After struggling in early trade, on the back of a negative lead from
Wall St. & a heavy start for U.S. equity index futures, the majority of the
major Asia-Pacific benchmarks managed to recover, aided by a positive start for
Chinese equities owing to constructive trade-related remarks from PBoC Governor
Yi over the weekend. This outweighed slowing money supply/credit data, which the
Bank attributed to seasonal factors, as well as disappointing Chinese inflation
data, also released over the weekend.
- The ASX 200 underperformed, with the energy and consumer-dependent sectors
providing the most weight.
- Nikkei 225 +0.5%, Hang Seng +0.7%, CSI 300 +1.4%, ASX 200 -0.4%.
- U.S. equity index futures were more reluctant to bounce. Focus on Monday will
fall on Boeing, after China ordered its airlines to suspend their Boeing Co 737
MAX operations in the wake of a crash of one of the models in Ethiopia.
- S&P 500 +1, DJIA -93, NASDAQ +4.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.