MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

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

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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US STOCKS: Early Equities Roundup: Broadline Retailers, Chemicals Underperform

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are trading moderately weaker early Monday, as Information Technology and Communication Services sector shares helped lift major averages off lows. Currently, the DJIA trades down 249.99 points (-0.58%) at 42589.08, S&P E-Minis down 17 points (-0.28%) at 5985.25, Nasdaq up 30 points (0.2%) at 19602.4.
  • Consumer Staples and Materials sectors underperformed in the first half, retail distribution shares lagging into the Christmas holiday: Walmart -3.22%, Dollar General -2.51%, Walgreens Boots Alliance -2.15%.
  • Chemicals and mining shares weighed on the Mining sector: FMC Corp -1.81%, Corteva -1.68%, International Flavors & Fragrances -1.31% while Newmont traded -1.29%.
  • Semiconductor makers outperformed in the first half with Advanced Micro Devices gaining 5.17% after Rosenblatt named AMD, Meta and Micron as it's top picks for the first half of 2025. Meanwhile, Microchip Technology +3.66%, Broadcom +3.37% while Intel gained 2.72%.
  • Interactive media and entertainment shares buoyed the Communication Services sector with the aforementioned Meta gaining 1.24%, News Corp +0.54%, Take Two Interactive Software +0.15%.
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  • Stocks are trading moderately weaker early Monday, as Information Technology and Communication Services sector shares helped lift major averages off lows. Currently, the DJIA trades down 249.99 points (-0.58%) at 42589.08, S&P E-Minis down 17 points (-0.28%) at 5985.25, Nasdaq up 30 points (0.2%) at 19602.4.
  • Consumer Staples and Materials sectors underperformed in the first half, retail distribution shares lagging into the Christmas holiday: Walmart -3.22%, Dollar General -2.51%, Walgreens Boots Alliance -2.15%.
  • Chemicals and mining shares weighed on the Mining sector: FMC Corp -1.81%, Corteva -1.68%, International Flavors & Fragrances -1.31% while Newmont traded -1.29%.
  • Semiconductor makers outperformed in the first half with Advanced Micro Devices gaining 5.17% after Rosenblatt named AMD, Meta and Micron as it's top picks for the first half of 2025. Meanwhile, Microchip Technology +3.66%, Broadcom +3.37% while Intel gained 2.72%.
  • Interactive media and entertainment shares buoyed the Communication Services sector with the aforementioned Meta gaining 1.24%, News Corp +0.54%, Take Two Interactive Software +0.15%.