MNI BRIEF: US Treasuries Seen Increasingly Risky-JH Paper

MNI: FED’S POWELL: TIME HAS COME FOR POLICY TO ADJUST

MNI China Daily Summary: Friday, Aug 23

MNI: PBOC Net Injects CNY241.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Fri; +2.17% Y/Y

CHINA PBOC CONDUCTS CNY379.3 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

MNI: CANADIAN JUN RETAIL SALES -0.3%; SALES EX-AUTOS/PARTS +0.3%

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

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

Hong Kong concerns put a lid on global........>

FOREX
FOREX: Hong Kong concerns put a lid on global equities
- Equities were led lower in the Asia-Pacific session as following confirmation
yesterday that the Chinese ruling party are to press ahead with restrictions on
security laws in Hong Kong - an action which prompted the US to state they may
take unspecified countermeasures if Hong Kong's freedoms are impinged. Local
Hong Kong equities dropped over 5.5% into the close, which has fed through into
a poor start for European markets early Friday.
- Spot HKD is weaker for a second session, with further stress seen in HKD
forwards. 1y-2y forward points are the most notably effected, rising to their
highest levels since 1999. Chinese FX has also suffered, with USD/CNH rising to
just a few pips shy of the mid-March highs. 
- G10FX is mixed, with havens (JPY, CHF and USD) favoured vs weaker AUD and NOK.
- The data calendar is thin Friday, which should keep focus on any escalation of
Sino-US tensions into the long weekend (both US and UK are off Monday). Canadian
retail sales are the sole release at 1330BST/0830ET. ECB chief economist Lane
speaks at 1530BST/1030ET.
Energy BulletsCommodities
Energy BulletsCommodities

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.