MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

CHINA MARKETS: Yuan Weaker; Rates Mixed; Stocks Fall 

     BEIJING (MNI) - The yuan was slightly weaker against the U.S. dollar
Thursday morning even though the People's Bank of China set a stronger daily
fixing. 
     The yuan was last at 6.5248 against the U.S. unit, compared with the
official closing price of 6.5246 on Wednesday. Before Thursday, the yuan had
strengthened for the past two trading days. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.5269
on Thursday, stronger than Wednesday's 6.5311. The PBOC has set the fixing
stronger for nine straight trading days, and Wednesday's fixing was the highest
since May 18 last year.
     Money market rates were mixed Thursday morning after the PBOC injected
CNY128.5 billion in liquidity via open-market operations. The seven-day repo
average was last at 2.7599% Thursday, lower than Wednesday's average of 2.8116%.
The overnight repo average was at 2.6037%, higher than Wednesday's 2.5961%.
     The yield on benchmark 10-year China government bonds was last at 3.6073%,
down from the previous close of 3.6293%, according to Wind, a financial data
provider. 
     Stocks were down, led lower by the non-ferrous metal mining and coal mining
sectors. The benchmark Shanghai Composite Index was last down 0.36% at 3,373.06.
Hong Kong's Hang Seng Index was 0.22% higher at 27,674.14.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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.