MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

MNI: CANADIAN NOV BUILDING PERMITS -5.9% MOM

US DEC UNEMPLOYMENT RATE 4.086%

MNI: US DEC NONFARM PAYROLLS +256K; PRIVATE +223K, GOVT +33K

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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EQUITIES: Asian Equities Fall Ahead Ahead Of US Employment Data

EQUITIES
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Asian stocks are on track for a weekly loss as cautious sentiment prevails ahead of the US nonfarm payrolls report, with concerns over slower Fed rate cuts and rising Treasury yields. The MSCI Asia Pacific Index fell 0.4%, led by declines in Singapore, Australia, and Japan, with Fast Retailing dragging on fears of a China slowdown. Chinese stocks edged lower amid concerns over deflationary pressures and external risks, including potential tech sanctions. Regional markets face additional headwinds from slowing Chinese growth and geopolitical tensions, contributing to rising volatility.

  • APAC Markets: Japan's Nikkei -1% & TOPIX -0.65%, South Korea's KOSPI now flat, Hong Kong's HSI -0.45%, China's CSI 300 -0.45, Taiwan's TAIEX -0.10%, Australia's ASX200 -0.50%, New Zealand's NZX 50 -0.20%
  • US Equity futures are lower with Dow Jones -0.05%, S&P 500 -0.25% & NASDAQ -0.30%, all trading off session lows now.
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Asian stocks are on track for a weekly loss as cautious sentiment prevails ahead of the US nonfarm payrolls report, with concerns over slower Fed rate cuts and rising Treasury yields. The MSCI Asia Pacific Index fell 0.4%, led by declines in Singapore, Australia, and Japan, with Fast Retailing dragging on fears of a China slowdown. Chinese stocks edged lower amid concerns over deflationary pressures and external risks, including potential tech sanctions. Regional markets face additional headwinds from slowing Chinese growth and geopolitical tensions, contributing to rising volatility.

  • APAC Markets: Japan's Nikkei -1% & TOPIX -0.65%, South Korea's KOSPI now flat, Hong Kong's HSI -0.45%, China's CSI 300 -0.45, Taiwan's TAIEX -0.10%, Australia's ASX200 -0.50%, New Zealand's NZX 50 -0.20%
  • US Equity futures are lower with Dow Jones -0.05%, S&P 500 -0.25% & NASDAQ -0.30%, all trading off session lows now.