MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: US MAR PERSONAL INCOME +0.5%; NOM PCE +0.8%

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

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Equity Roundup: Off Post-Data Lows, Dow Outperforming

US STOCKS

Major indexes have recovered from post-data selling, extending highs at the moment w/ Dow components outpacing SPX and Nasdaq. SPX eminis currently trades -8.25 (-0.2%) at 4182.75; DJIA +31.94 (0.09%) at 34082.82; Nasdaq - 9.9 (-0.1%) at 12192.06.

  • SPX leading/lagging sectors: Energy sector (+1.83%) outperforming, equipment & services leading O&G consumables (SLB +4.11%, XOM +2.42%, HES +2.39%, FANG +2.2%). Information Technology next up (+0.0.50%) lead by hardware maker Apple (AAPL +3.89%) after reporting stronger rev's late Thu, price target raised by several houses.
  • Laggers: Utilities (-2.88%), Real Estate (-2.0%) and Consumer Discretionary (-1.07%) the latter paring losses as Tesla continues to trade strong (TSLA +4.75%).
  • Dow Industrials Leaders/Laggers: As noted Apple strong after late Thu earnings (AAPL) +5.82 at 156.64, Caterpillar (CAT) +5.18 at 250.08, American Express (AXP) +3.43 at 176.56. Laggers: Home Depot (HD) -7.02 at 332.77, AMGN -3.20 at 343.33, Honeywell (HON) -2.89 at 204.49.
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