MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

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Late Equities Roundup: Chip Stocks Recede

US STOCKS
  • Stocks are off midday lows in late trade, Dow components outperforming at the moment, Nasdaq still weaker. Currently, DJIA shares are up 2.39 points (0.01%) at 35322.46, S&P E-Mini futures down 6.25 points (-0.14%) at 4513, Nasdaq down 72.4 points (-0.5%) at 13814.7.
  • Laggers: Information Technology, Communication Services and Consumer Discretionary sectors continued to underperform late Wednesday. Semiconductor makers weighed on the IT with shares of Super Micro Computer -23% despite announcing better than expected earnings late Tuesday, focus on weaker revenue outlook despite the ongoing demand for high performance chips for AI applications. Nvidia shares that have enjoyed meteoric rise this year (+195% YTD) are trading -3.2%, AMD -1.5Intel -0.9%.
  • Meanwhile, Communication Services sector weighed by media and entertainment: Paramount -2.85%, Live Nation -1.55%, Meta -1.3%, Netflix -.88%. Consumer Discretionary weighed by weaker auto makers with Tesla -1.35%, GM -.65%, Ford -0.5%.
  • Leading gainers: Energy, Consumer Staples and Real Estate sectors outperformed. Energy sector shares held gains after crude climbed to nine month highs Wednesday, WTI marking 84.44. Shares of APA +3.35%, Coterra Energy +3.25%, Marathon +2.85%. Meanwhile, Consumer Staples buoyed by retail stores: Dollar General +1.25%, Dollar Tree +1.05%.
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