MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Equities Roundup: Extending Session Highs

US STOCKS
  • Stocks climbing higher, SPX Eminis extending top end of the session range in the last few minutes in moderate support across multiple sectors. Traders report two recent buy programs (+1,042 and +1,046) helping S&P E-Mini futures climb 13.75 points (0.33%) at 4204.25; Nasdaq up 68.1 points (0.5%) at 13002.5; DJIA up 32.25 points (0.1%) at 32938.11.
  • Leading gainers: Energy sector leads with modest bounce in crude prices (WTI +.73 at 68.72), Schlumberger +3.13%, Haliburton +2.69%, Baker Hughes +2.68%. Communication Services and Materials sectors next up, media and entertainment supporting the former: Match Group +7.2%. Laggers: Utilities and Consumer Staples sectors underperforming.
  • For a technical perspective, S&P E-minis trend conditions remain bullish and the latest pullback is, for now, considered corrective. Last week’s bounce from 4114.00, May 24 low, means that support around the 50-day EMA remains intact.
  • The average intersects at 4134.83 and a clear break of it is required to signal a reversal. Key resistance is at 4244.00, the Feb 2 high. Clearance of this hurdle would resume the uptrend that started on Mar 13.
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