MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

HK & Chinese Equities Firm After Politburo Meeting, Positive Risk Spill-Over Elsewhere

CROSS ASSET

HK and Chinese Equities are firmer in early dealing, the Hang Seng is up ~2.9% and the CSI300 is up ~1.6%. A gauge of mainland property stocks on the Hang Seng is up over 10% at this stage. The Hang Seng Tech index is +5%. The moves come after details emerged from the anticipated Chinese politburo meeting. The politburo noted it will enact plans to resolve local government debt issues as well as increase support for the property market.

  • In the FX space the USD has retreated from session highs and BBDXY is now down ~0.1%. AUD is leading the bid in the G-10 space, AUD/USD is up ~0.2% having been pressured in early dealing. Kiwi is also a touch firmer however it remains well within recent ranges.
  • USD/CNH has dipped sub 7.1500, +0.50% stronger in CNH terms versus Monday NY closing levels. We sit slightly higher now, last around 7.1540.
  • US Tsys have firmed off session lows, 10 Year US Tsy Yields now sit ~1bp lower. TYU3 sits a touch off session highs at 111-31+, -0-02+.
  • WTI has held onto yesterday's gains sitting marginally firmer this morning. SGX Iron Ore futures have risen above $114/tonne and are up ~1.4%. Copper is up ~0.2%.
EM BulletFixed Income BulletsHomepageCommoditiesEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletFixed Income BulletsHomepageCommoditiesEquitiesBulletMarketsEmerging Market NewsForeign 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.