MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Equities Roundup: Utilities, IT Shares Underperforming

US STOCKS
  • Stocks drifting near midday session lows following this morning's weaker than expected consumer confidence and home sales data. Apprehension ahead a likely US government shutdown this Saturday also spurred position unwinds. Currently, the DJIA is down 286.9 points (-0.84%) at 33720.87, S&P E-Mini Future down 46.5 points (-1.06%) at 4332.25, Nasdaq down 142.2 points (-1.1%) at 13129.43.
  • Laggers: Utilities, Information Technology and Real Estate underperformed Tuesday, electric and multi energy providers weighed on the former: Edison Int -2.42%, Constellation Energy -2.25%, NextEra Energy -2.0%. Tech and hardware makers weighed on the IT sector: Amphenol -2.4%, CDW and Corning both -2%.
  • Meanwhile, Real Estate Investment Trusts (REITS), particularly health care and industrial, weighed on R/E management: Welltower -2.45%, Ventas -1.75%, Prologis -1.75%.
  • Leaders: Energy, Health Care and Consumer Staples sectors outperformed, oil and gas exploration stocks led gainers: EOG Resources +1.25%, APA and Pioneer Natural Resources both +1%.
  • Pharmaceuticals and biotech shares buoyed the Health Care sector: Gilead Sciences +1.25%, Incyte Corp +1.17%, IQVIA +0.8%. Consumer Staples led by distribution/retail names: Dollar Tree +0.55%, Walmart steady.
  • Of note, broadline retailer Amazon in the news after the Federal Trade Commission, and 17 state attorneys general, have filed a large-scale antitrust lawsuit against tech giant Amazon. Washington Post reports that the suit, "seeks to bar the company from allegedly abusing its powers to raise prices for shoppers and levy high fees against businesses that sell on its platform."
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