MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Early Bid Fades

EQUITIES

A mixed day for equity markets in the Asia-Pac time zone. A positive open for most markets was cancelled out by mid-session, most major bourses are down 0.5% - 1.0%.

  • There are a few exceptions, South Korea and Taiwan are in positive territory; both markets were closed yesterday for local holidays, while manufacturing PMI data from both countries earlier today was positive, with the figure supported by robust demand for electronics globally.
  • Markets in Hong Kong and China lead the way lower, pressured after warnings from a CIBRC official about leveraging and the possibility for asset bubbles. The comments took the wind out of the sails of risk assets in the region.
  • European and US futures are lower, giving back some of the broad based rally seen yesterday. Risk assets have gradually lost favour in the Asia-Pac session, with losses seen across the commodity complex.
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