MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Late Equities Roundup: Bouncing Off Lows, Utilities, Banks Leading

US STOCKS
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  • Stocks are trading modestly mixed late Wednesday, off second half lows with the Dow outperforming. Stocks had reversed morning gains earlier as risk assets remain sensitive to Middle East tensions. Currently, DJIA is up 145.39 points (0.38%) at 37946.06, S&P E-Minis up 1.75 points (0.03%) at 5094.5, Nasdaq down 53.2 points (-0.3%) at 15812.38.
  • Leading gainers: Utilities and Financials sector shares outperformed in the second half. Gas and multi-energy providers buoyed the former: Southern Co +2.91%, NextEra Energy +2.77%, Consolidated Edison +2.72%. Banks supported Financials late: Citizends Financial +2.78%, Citigroup +2.77%, Bank of America +2.75%.
  • Laggers: Information Technology and Industrials continued to underperform in late trade, chip stocks weighing on the former as they reversed prior session gains: Advanced Micro Devices -4.75%, Applied Materials -464%%, Lam Research -4.54%. Transportation stocks weighed on the Industrial sector: JB Hunt -8.66% after missing earnings expectations yesterday including some downgrades, Old Dominion -4.70%.
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  • Stocks are trading modestly mixed late Wednesday, off second half lows with the Dow outperforming. Stocks had reversed morning gains earlier as risk assets remain sensitive to Middle East tensions. Currently, DJIA is up 145.39 points (0.38%) at 37946.06, S&P E-Minis up 1.75 points (0.03%) at 5094.5, Nasdaq down 53.2 points (-0.3%) at 15812.38.
  • Leading gainers: Utilities and Financials sector shares outperformed in the second half. Gas and multi-energy providers buoyed the former: Southern Co +2.91%, NextEra Energy +2.77%, Consolidated Edison +2.72%. Banks supported Financials late: Citizends Financial +2.78%, Citigroup +2.77%, Bank of America +2.75%.
  • Laggers: Information Technology and Industrials continued to underperform in late trade, chip stocks weighing on the former as they reversed prior session gains: Advanced Micro Devices -4.75%, Applied Materials -464%%, Lam Research -4.54%. Transportation stocks weighed on the Industrial sector: JB Hunt -8.66% after missing earnings expectations yesterday including some downgrades, Old Dominion -4.70%.