MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI CNB WATCH: Cut Pace Slows To 25Bps, Price Pressures Remain

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

US EIA:NAT GAS STORAGE +18 BCF TO 3,249 BCF JUL 26 WK

MNI: US JUN CONSTRUCT SPENDING -0.3%

MNI: US ISM JUL MANUF PURCHASING MANAGERS INDEX 46.8

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

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China Stocks Reportedly Underpinned By State Buying

EQUITIES
  • Asian markets closed mostly higher (note BBG reported after the close that Chinese state-backed funds bought equities Tuesday to pare intraday losses): Japan's NIKKEI closed up 35.65 pts or +0.13% at 27284.52 and the TOPIX ended 8.07 pts higher or +0.42% at 1934.06. China's SHANGHAI closed up 23.048 pts or +0.67% at 3452.629 and the HANG SENG ended 250.06 pts lower or -1.02% at 24329.49
  • European equities are higher, with the German Dax up 110.98 pts or +0.73% at 15308.85, FTSE 100 up 52.82 pts or +0.7% at 7625.28, CAC 40 up 66.82 pts or +0.95% at 7077.21 and Euro Stoxx 50 up 30.42 pts or +0.74% at 4147.62.
  • U.S. futures are advancing, with the Dow Jones mini up 129 pts or +0.37% at 35098, S&P 500 mini up 14.5 pts or +0.32% at 4490.25, NASDAQ mini up 36.5 pts or +0.25% at 14595.5.
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