Free Trial

Another Negative Day In Asia

EQUITIES

Another negative day for equities in the Asia-Pac region, though moves are not as dramatic as yesterday there is still a broad risk off tone on concerns over the delta variant. In mainland China bourses are lower by around 0.6%, the PBOC opted to keep LPR rates on hold despite some speculation of a cut. In Japan markets are down around 0.4%, CPI rose 0.2%, in line with estimates, though coronavirus concerns weigh. In the US futures are higher, rebounding from a sharp sell off yesterday. US futures are higher by around 0.5%, S&P e-minis approaching support turned resistance at 4279.25, the low from July 8.

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.