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MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

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MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Equity Roundup: Mixed Data, Heavy Earnings Slate, FOMC

US STOCKS

Trading strong in the lead-up to the latest FOMC policy annc (75bp hike widely anticipated), SPX near early Monday highs following mixed data, heavy earnings drop pre/post open (with more expected Thursday). Currently, SPX eminis trade +49.75 (1.27%) at 3972.75; DJIA +64 (0.2%) at 31823.78; Nasdaq +288 (2.5%) at 11850.11.

  • Earnings wrap-up: Minority of estimate misses: T-Mobile (TMUS) -$0.9 vs. +$0.231 est, Sherwin-Williams (SHW) $2.41 vs. $2.776 est, Stifel Financial (SF) $1.40 vs. $1.63, Boeing (BA) -$0.37 vs. $0.008 est.
  • After the close: Meta $2.541 est, Equinix (EQIX) $5.032 est, NCR Corp $0.604, Qualcomm $2.862 est, ETSY $0.609 est, Raymond James Fncl $1.633 est.
  • SPX leading/lagging sectors: Communication Services (+3.89%) lead by interactive media/entertainment: Google +6.5%, Meta +5.28%, Match Grp +3.7%. Information Technology (+2.53%) and Consumer Discretionary (+2.14%) follow, autos leading the latter, Tesla outperforming +4.38%. Laggers: Real Estate (-0.39%), health Care (-0.35%), Consumer Staples (-0.23%).
  • Dow Industrials Leaders/Laggers: Microsoft (MSFT) +11.93 at 263.83, Salesforce.Com (CRM) +7.70 at 178.16, Walmart (WMT) +3.08 at 125.06. Laggers: Travelers (TRC) -3.19 at 157.67, United Health (UNH) -2.69 at 528.90, Home Depot (HD) -2.29 at 295.89.
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