MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Late Equities Roundup: Chip Stocks Buoy IT Sector

US STOCKS
  • US Stocks remain weaker in late trade, S&P Eminis off lows with Information Technology sector shares continuing to outperform. Currently, DJIA is down 297.91 points (-0.79%) at 37294.75, S&P E-Mini futures down 23.75 points (-0.49%) at 4792.75, Nasdaq down 56.1 points (-0.4%) at 14916.46.
  • Leading gainers: IT and Consumer Discretionary sector shares outperformed in late trade, semiconductor shares supporting the former: Advanced Micro Devices +7.5% following multiple upgrades tied to AI benefits/demand. Similarly, Nvidia gained +2.79%, Micron +2%.
  • Meanwhile, Consumer Discretionary sector outpaced Real Estate stocks that had led in the first half. Auto makers and part suppliers firmer: Borg Warner +0.75%, Tesla +0.64%.
  • Laggers: Energy and Materials sectors continued to underperform late, broad based weakness in oil, gas and servicing shares weighing on the former: EQT Corp -3.52%, APA Corp -3.15%, EOG Resources -3.07%, Marathon Oil -2.8%. Meanwhile, metals and mining shares weighed on Materials: Freeport-McMoRan -4.9%, Newmont -3.67%.
  • Reminder: Corporate earnings resume Wednesday with Citizens Financial, Charles Schwab, US Bancorp and Discovery Financial expected. PNC, Goldman Sachs and Morgan Stanley reported this morning.
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