MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: FRANCE NOV CONSUMER SENTIMENT 90

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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Correction at the Open Sees Tech Stocks Dive 2%

EQUITIES

As indicated by futures markets, US cash equities have opened mixed, with the tech sector underperforming and dragging the NASDAQ Composite lower by over 2%. S&P 500 is in minor negative territory (down circa 0.5%), while the Dow Jones sits slightly higher.

The tech sector is the sharpest decliner, closely followed by communication services and consumer discretionary. Stocks are clearly trading defensively, with utilities and staples among the only gainers in early trade.

Internet infrastructure firms including Juniper Networks and Arista Networks are hard-hit on a downbeat outlook from rival Ciena, down 4-5% while closely watched names including Facebook and Apple are again among the sharpest fallers in the S&P500.

The VIX is slightly higher, but is yet to test the week's highest levels printed yesterday at 27.07.

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