MNI China Daily Summary: Wednesday, January 22

MNI BRIEF: China Iron Ore Imports To Remain Positive In 2025

MNI BRIEF: China To Boost Long-term Funds For Equity Market

MNI BRIEF: China To Maintian Communication With U.S. - MOFA

MNI JAN CHINA MONEY MARKET INDEX 24.4 VS DEC 36.0

MNI: PBOC Net Injects CNY198 Bln via OMO Wednesday

EZ/UK Bond Supply Calendar: France, UK Auction on Thursday

MNI: US REDBOOK: JAN STORE SALES +4.2% V YR AGO MO

MNI: CANADA DEC INDUSTRIAL PRICES +0.2% MOM; EX-ENERGY +0.4%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Asian Equities Opened Lower Following Strong US Jobs Data On Friday

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Asian equities have opened lower this morning, extending declines after strong US jobs data affirmed the Fed's stance to keep interest rates steady amid lingering inflation. Australian and South Korean shares fell, while Japanese markets were closed. US equity futures edged lower following Friday’s 1.5% drop in the S&P 500.
  • Investors are now focused on upcoming US inflation data, including CPI on Wednesday and New York Fed inflation expectations on Monday. December's US nonfarm payrolls showed strong job gains and a lower unemployment rate, prompting some major banks, including Bank of America, to revise rate cut expectations, with some predicting no cuts this year.
  • In corporate news, Johnson & Johnson is exploring a bid for Intra-Cellular Therapies, while Bain Capital sweetened its offer for Australia’s Insignia Financial, while Chinese stocks are off to their worst annual start since 2016, with markets awaiting critical trade and money supply data.
147 words

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.
  • Asian equities have opened lower this morning, extending declines after strong US jobs data affirmed the Fed's stance to keep interest rates steady amid lingering inflation. Australian and South Korean shares fell, while Japanese markets were closed. US equity futures edged lower following Friday’s 1.5% drop in the S&P 500.
  • Investors are now focused on upcoming US inflation data, including CPI on Wednesday and New York Fed inflation expectations on Monday. December's US nonfarm payrolls showed strong job gains and a lower unemployment rate, prompting some major banks, including Bank of America, to revise rate cut expectations, with some predicting no cuts this year.
  • In corporate news, Johnson & Johnson is exploring a bid for Intra-Cellular Therapies, while Bain Capital sweetened its offer for Australia’s Insignia Financial, while Chinese stocks are off to their worst annual start since 2016, with markets awaiting critical trade and money supply data.