MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Late Equities Roundup

US STOCKS
  • Off midmorning highs, stocks are still firmer in late trade, Energy and Communication Services sector shares outperforming. Currently, S&P E-Mini futures are up 4.75 points (0.1%) at 4902.75, Nasdaq down 22.8 points (-0.1%) at 15458.67, DJIA up 59.6 points (0.16%) at 37866.08.
  • Leading gainers: Oil and gas shares buoyed the Energy sector in late trade as crude prices held gains (WTI +2.08 at 77.17): after beating earning expectations this morning, Valero climbed +2.94%, Kinder Morgan +2.34%, Hess Corp +2.10%. Telecom shares led Communication Services: ATT +2.07%, Verizon +2.06%, T-Mobile +0.20% -- is expected to announce after the close. Notable mention: IBM surged over 11% after announcing late Wednesday followed by multiple dealer upgrades today.
  • Laggers: Consumer Discretionary and Health Care sectors underperformed, auto makers weighed down by Tesla -12.65% post-earnings, dour sales guidance preceded several downgrades. Ford, on the other hand traded +2.22%. Health Care weighed by provider shares: Humana -10.94%, United Health -5.69%, Molina Health -4.27%.
  • Looking ahead: several earnings announcements expected after the close: Intel, Western Digital, Visa, Capital One, T-Mobile, L3Harris Technologies.
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