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

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI China Daily Summary: Tuesday, April 23

MNI: AUSTRALIA MONTHLY MAR CPI 0.4% MM, 3.8% YY

MNI:AUSTRALIA Q1 CPI +0.9% Q/Q

MNI: UK JAN-MAR MEDIAN PAY AWARDS +4.8% :XpertHR/Brightmine

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Equities Roundup: Communication Services, IT Shares Leading Eminis

US STOCKS
  • Stocks pulling higher again after brief sell-off following this morning's larger than expected flash PMI gains for January (stronger data tempered projected rate cuts, and still weighing on short end Treasury futures).
  • S&P eminis are making new contract highs (4931.75), led by Communication Services and Information Technology sectors. Currently, S&P E-Mini futures are up 28.5 points (0.58%) at 4923.75, Nasdaq up 160.1 points (1%) at 15587.15, DJIA up 83.84 points (0.22%) at 37990.3.
  • Leading gainers: Media and Entertainment shares led the Communication Services sector higher after the open: Netflix soaring +13.5% after better than expected rise in new service contracts. Distant second and third place: Meta +2.04%, Google +1.75%. Ongoing AI application demand helps chip stocks buoy the IT sector: Advanced Micro Devices +4.5%, Applied Materials +4.05%, KLA Corp +3.66% while Nvidia gained 3.27%.
  • Laggers: Utilities and Materials sectors underperformed in early trade, independent power and water providers weighed on the former: American Water Works -2.15%, Sempra -1.58%, AES -1.31%. Meanwhile, chemical stocks weighed on Materials: Dupont de Nemours -13.27% after weak output spurred a downgrade from BMO. FMC Corp -2.09%, Eastman Chemical -1.58%.
  • Looking ahead: several earnings announcements expected after the close: IBM, Seagate, Lam Research, Tesla, Raymond James and Crown Castle.
HomepageIBM Market NewsEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepageIBM Market NewsEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.