MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

CHINA MARKETS: Yuan Stronger; Rates Fall; Stocks Up 

     BEIJING (MNI) - The yuan rose against the U.S. dollar Monday morning after
the People's Bank of China set a stronger daily fixing and foreign-exchange
sales in the market continued to increase as yuan appreciation expectations
climbed.
     The yuan was last at 6.6599 against the U.S. unit, 0.10% stronger than the
official closing price of 6.6668 on Friday. 
     The People's Bank of China set the yuan central parity rate against the
U.S. dollar at 6.6601 Monday, 0.06% stronger than Friday's 6.6642. Today's
fixing was the highest since Sept. 22 last year, when it was 6.6513. It was the
fifth straight trading day that the PBOC has set a higher fixing.  
     Money market rates were down on Monday. The seven-day repo average was last
at 2.8112%, lower than Friday's average of 2.8373%. The overnight repo average
was at 2.7331%, lower than Friday's 2.7632%.
     The yield on benchmark 10-year China government bonds was last at 3.5841%,
down from the previous close of 3.6162%, according to Wind, a financial data
provider. 
     Stocks rose, led higher by shares of technology companies. The benchmark
Shanghai Composite Index was up 0.43% at 3,222.48. Hong Kong's Hang Seng Index
was 1.18% higher at 27,201.17.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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.