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Chinese LPRs Fix Unchanged After Last Week’s Limited PBoC Easing

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Below gives key levels of markets in the second half of the Asia-Pac session:

  • Nikkei 225 up 249.57 points at 27235.36
  • ASX 200 up 20.894 points at 7586.1
  • Shanghai Comp. down 6.795 points at 3187.234
  • JGB 10-Yr future down 17 ticks at 149.13, yield up 0.2bp at 0.250%
  • Aussie 10-Yr future down 4.5 ticks at 96.840, yield up 4.6bp at 3.111%
  • U.S. 10-Yr future -0-06 at 118-29+, yield up 0.39bp at 2.940%
  • WTI crude up $0.95 at $103.51, Gold down $6.50 at $1943.58
  • USD/JPY down 34 pips at Y128.57
  • FED'S EVANS SEES YEAR-END RATES AT 2.25%-2.5%, AND THEN LIKELY HIGHER (RTRS)
  • CHINA'S LOCKDOWNS COULD DRIVE MORE U.S. POLICY ACTION, SAYS FED'S KASHKARI (RTRS)
  • FED’S BOSTIC WARY OF HIKING RATES TOO HIGH TO COOL INFLATION (BBG)
  • LATEST PBOC LPR FIXINGS UNCHANGED IN WAKE OF LAST WEEK’S RESTRAINED EASING
  • SHANGHAI OFFICIAL SAYS CITY HAS ACHIEVED ZERO COVID CASES AT COMMUNITY LEVEL IN TWO DISTRICTS (RTRS)
  • CHINA’S HARBIN HALTS SUBWAY, LIMITS ROAD TRAFFIC IN DOWNTOWN (BBG)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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