MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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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Equities Roundup: Eminis, Nasdaq Back to Early July Levels

US STOCKS
  • Stocks are weaker ahead midday Friday, S&P Eminis and Nasdaq indexes back to early July levels while the Dow has retreated to last Friday's levels a day after climbing to new all time high of 41,370.37. Currently, the DJIA is down 379.04 points (-0.93%) at 40288.89, S&P E-Minis down 31 points (-0.55%) at 5563.75, Nasdaq down 89.4 points (-0.5%) at 17780.88.
  • Materials and Consumer Discretionary sectors underperformed in the first half, chemical and mining stocks weighed on the former: FMC Corp -4.89%, PPG Ind -2.95%, Celanese -2.86%. Autos and parts makers weighed on Consumer Discretionary sector: Aptiv -5.29%, Borg Warner -4.08% while Tesla declined 2.90%.
  • A note on the IT sector, outages for software provider CrowdStrike saw share prices fall -8.25%, the outage caused disruptions for others including Intel -4.8%, EPAM Systems -3.76% and ON Semiconductors -3.88%. Prices were off lows as workaround solutions having been filtering through for the last few hours.
  • Conversely, Health Care and Communication Services sectors led gainers in the first half, shares of equipment and servicers buoyed the former: Intuitive Surgical +5.9%, Boston Scientific +1.6%, Abbott Labs +1.07%. Meanwhile, interactive media and services shares supported Communication Services: Meta +0.81, Google +0.5%.
  • Note, after reporting earnings this morning, Fifth Third +0.05, Regions Financial -1.22%, Comerica -11.59%, American Express -3.92% and Huntington +2.2%.
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