MNI China Daily Summary: Friday, June 7

MNI BRIEF: China May Forex Reserves Rise On Weakened Dollar

MNI BRIEF: BOJ Consumption Activity Index Rebounds In April

MNI BRIEF: China Service Trade Grows Rapidly, Deficit Expands

MNI: PBOC Net Drains CNY98 Bln Via OMO Fri; Rates Unchanged

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

Compensation Per Employee Accelerates Above ECB Forecasts In Q1

MNI: EUROZONE Q1 GDP +0.3% Q/Q, +0.4% Y/Y

Manufacturing Stalls in April; Overall Q1 IP Weaker Than Thought

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 Strength Fades into Friday Close

EQUITIES
  • US markets traded mixed Friday, with the Dow Jones edging off early gains to finish lower while the S&P 500 held recent gains. All three major US indices traded well following the cash open but sporadic and reportedly programmatic sales worked against headline indices as strength faded into the close.
  • The e-mini S&P hit new alltime highs ahead of the cash open at 3817.75, securing a near 4% rally from the Monday lows.
  • Communication services and financials were the laggards, countering upside in consumer discretionary and real estate firms.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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