NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

Unemployment Steady; Projected to Rise Gradually

MNI: EUROZONE MAR UNEMPLOYMENT RATE 6.5%

Services PMI points to less pass through from NLW increase to inflation

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: Inching Off Lows, Real Estate, Financials Lead

US STOCKS
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  • Stocks are inching off lows in late trade, S&P Eminis near steady after profit taking in chip stocks knocked the index off new all time highs from this morning. Currently, DJIA is up 108.71 points (0.28%) at 38900.38, S&P E-Minis down 10.5 points (-0.2%) at 5151.25, Nasdaq down 90.6 points (-0.6%) at 16184.07.
  • Information Technology and Consumer Staples sectors continued to underperform in late trade, semiconductor makers that had buoyed markets all week traded lower as accounts booked profits: Broadcom -5.44% (-4.41%/wk), Nvidia -3.82% (still +5.70%/wk), Intel -2.45% (+0.44%/wk).
  • Distribution and retailers weighed on the Consumer Staples sector, Costco -7.23% even after booking quarterly sales of appr $60B. Dollar Tree traded -1.35% while Dollar General traded -0.99%.
  • Leading gainers: Real Estate and Financial sectors led gainers in late trade: estate management company CBRE Group +1.95%, SBA Comm +2.61%, Alexandria Real Estate +2.18%.
  • Banks and services shares rebounded from heavier selling in regionals earlier this week, Zion Bancorp +2.36%, Comerica +2.13%, Invesco +1.82%.
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  • Stocks are inching off lows in late trade, S&P Eminis near steady after profit taking in chip stocks knocked the index off new all time highs from this morning. Currently, DJIA is up 108.71 points (0.28%) at 38900.38, S&P E-Minis down 10.5 points (-0.2%) at 5151.25, Nasdaq down 90.6 points (-0.6%) at 16184.07.
  • Information Technology and Consumer Staples sectors continued to underperform in late trade, semiconductor makers that had buoyed markets all week traded lower as accounts booked profits: Broadcom -5.44% (-4.41%/wk), Nvidia -3.82% (still +5.70%/wk), Intel -2.45% (+0.44%/wk).
  • Distribution and retailers weighed on the Consumer Staples sector, Costco -7.23% even after booking quarterly sales of appr $60B. Dollar Tree traded -1.35% while Dollar General traded -0.99%.
  • Leading gainers: Real Estate and Financial sectors led gainers in late trade: estate management company CBRE Group +1.95%, SBA Comm +2.61%, Alexandria Real Estate +2.18%.
  • Banks and services shares rebounded from heavier selling in regionals earlier this week, Zion Bancorp +2.36%, Comerica +2.13%, Invesco +1.82%.