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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Defensive Stocks Outperforming To Start The Week

EQUITIES
  • Asian markets closed mixed: Japan's NIKKEI closed up 295.11 pts or +1.11% at 26812.3 and the TOPIX ended 27.23 pts higher or +1.44% at 1914.66. China's SHANGHAI closed down 42.494 pts or -1.27% at 3313.584 and the HANG SENG ended 601.58 pts lower or -2.77% at 21124.2.
  • European stocks are weaker, with materials / energy names leading the way lower (defensives including utilities are outperforming): the German Dax down 128.22 pts or -0.99% at 12790.44, FTSE 100 down 57.91 pts or -0.8% at 7177.74, CAC 40 down 65.35 pts or -1.08% at 5974.07 and Euro Stoxx 50 down 36.31 pts or -1.04% at 3458.99.
  • U.S. futures are a little weaker, with the Dow Jones mini down 177 pts or -0.57% at 31133, S&P 500 mini down 25.25 pts or -0.65% at 3876, NASDAQ mini down 97.75 pts or -0.8% at 12054.25.
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