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

RPT-MNI INTERVIEW: Canada Budget Leans To Largesse-CFIB's Kelly

RPT-MNI INTERVIEW: Freeland Keeps Some Credit Shine: Desjardins

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

Contributions to the Y/Y change in CPI

Restaurants and hotels drive the upside surprise at first glance

MNI: UK MAR CPI +0.6% M/M, +3.2% Y/Y

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: Paring Fri's Gains

US STOCKS

Major indexes trading weaker but off session lows ahead midday - scaling off last Fri's month highs ahead this wk's first FOMC policy annc for '23. As such, Communication Services, Information Technology and Consumer Discretionary, sectors that lead last wk's rally, lead Mon's weaker price action. SPX eminis currently trades -22.5 (-0.55%) at 4061.75; DJIA -43.73 (-0.13%) at 33932.02; Nasdaq -132 (-1.1%) at 11490.28.

  • SPX leading/lagging sectors: Communication Services (-1.67%) weighed by interactive media and entertainment (Google -2.52%, META -2.42%). Next up, Information Technology (-1.29%) and Consumer Discretionary next up (-0.92%) the latter weighed by auto maker Tesla (-4.2%) after posting strong gains last wk, while GM (-2.69%) and F (-1.54%) reversed gains as well.
  • Leaders: Consumer Staples (+0.50%) lead by food, beverage and tobacco makers, followed by modest gains in Utilities (+0.34%) and Materials (+0.16%).
  • Dow Industrials Leaders/Laggers: Contributing to weaker IT sector, Microsoft (MSFT) trades -4.60 at 243.56, Chevron (CVX) -2.42 at 177.03, Boeing (BA) -2.33 at 208.84. Leaders: United Health (UNH) +6.70 at 492.75, Goldman Sachs (GS) +5.08at 358.78, American Express (AXP) +3.65 at 175.96.
  • Reminder, earnings annc pick up in earnest early Tue w/: International Paper (IP), Pfizer (PFE), Philips 66 (PSX), Pulte Grp (PHM), McDonalds (MCD), Marathon Petroleum (MPC), Corning (GLW), Sysco (SYY), UPS, GM, Caterpillar (CAT), Exxon (XOM).
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