MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI: BAKER HUGHES US RIG COUNT 620; OIL RIGS 508; GAS RIGS 110

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE Short APF Mon

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Generally Lower In Asia

EQUITIES

Monday’s defensive tone spilled over into Asia-Pac hours, with the latest localised COVID-related lockdown in a Chinese city & the detection of a handful of cases outside of quarantine in Shanghai applying further pressure to wider sentiment.

  • Headline flow was limited, with cross-market related moves front and centre. The weaker start for the likes of the Nikkei 225 and the KOSPI dragged e-minis through Monday’s lows, with the weakness in e-minis then extending further as Chinese equities moved lower.
  • In terms of outright performance, the Nikkei 225 is 1.5% lower on the day at typing, with the CSI 300 printing 1.0% worse off. E-mini futures are 0.5 to 0.7% below settlement levels, with the NASDAQ 100 contract leading the weakness.
  • The ASX 200 bucked the broader trend, sitting 0.3% higher on the day ahead of the close, benefitting from buoyant consumer staples and healthcare sectors, which outweighed the downtick in the heavyweight materials sector.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
AT&T Market NewsEM BulletHomepageEmerging Market NewsEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
AT&T Market NewsEM BulletHomepageEmerging Market NewsEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.