MNI: PBOC Net Drains CNY238.9 Bln via OMO Friday; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.0101 Fri; +4.14% Y/Y

MNI BRIEF: PBOC To Cut RRR and Key Rates From Sept 27

CHINA PBOC CONDUCTS CNY333 BLN VIA 14-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0101 FRI VS 7.0354

MNI BRIEF: Japan Sept Tokyo Core CPI Rises 2.0% Vs. Aug 2.4%

Japan Tokyo Sep Core CPI +2.0% Y/Y

MNI JAPAN SEPT TOKYO CORE CPI +2.0% Y/Y; AUG +2.4%

MNI BRIEF: Canada Business Closure Rate Highest Since Pandemic

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

CROSS ASSET: Equities are extending gains, EGBs are back at their session highs

CROSS ASSET
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Worth keeping an eye on Equities here, Estoxx has cleared the 5024.00 High Sep 3 and a bull trigger, next upside target will now be at 5065.38 0.618 proj of the Aug 5 - Sep 3 - Sep 6 price swig.
  • SX5E Cash eye 5051.59 the July high next..
  • SPX will be set fior a new all time record high when it opens.
  • Given the bounce off the lows in Bund and EGBs, the Italian BTP is through the noted 121.61 level, meaning that the 10yr Yield had a brief test to its lowest level in Yield since August 2022.
  • Bund is finding some resistance at the noted 135.04 level, printed a 135.02 high.
110 words

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.
  • Worth keeping an eye on Equities here, Estoxx has cleared the 5024.00 High Sep 3 and a bull trigger, next upside target will now be at 5065.38 0.618 proj of the Aug 5 - Sep 3 - Sep 6 price swig.
  • SX5E Cash eye 5051.59 the July high next..
  • SPX will be set fior a new all time record high when it opens.
  • Given the bounce off the lows in Bund and EGBs, the Italian BTP is through the noted 121.61 level, meaning that the 10yr Yield had a brief test to its lowest level in Yield since August 2022.
  • Bund is finding some resistance at the noted 135.04 level, printed a 135.02 high.