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MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

Australia May Total Dwelling Approved +5.5%

Australia May Retail Trade +0.6%

MNI: AUSTRALIA MAY RETAIL SALES +0.6% M/M

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

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

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Late Equities Roundup: S&P Eminis, Nasdaq Make New All-Time Highs

US STOCKS
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  • Stocks continued to march higher after breaching a narrow overnight range around midmorning, S&P Eminis and Nasdaq indexes making new all time highs (5494.00 and 17,904.26 respectively) while the DJIA gained, industrials remained off May 17 high of 40,003.59.
  • Currently, the DJIA is up 200.47 points (0.52%) at 38787.46, S&P E-Minis up 53.25 points (0.97%) at 5555.75, Nasdaq up 220.5 points (1.2%) at 17909.51.
  • Leading gainers: Information Technology shares moved to the fore in the second half, trailed by Consumer Discretionary stocks. Hardware/software makers supported the IT sector: Super Micro Computer +8.15%, Autodesk +7.29%, Broadcom +6.14% after the bell. Auto makers continued to support the Consumer Discretionary sector: Tesla +5.48%, GM +1.28%, Ford +1.26%.
  • Laggers: Meanwhile, Utilities and Real Estate sectors continued to trade weaker in late trade, independent power providers weighed on the Utilities sector: Vistra -4.54%, AES Corp -2.02%, Dominion Energy -2.00%. Investment Trusts weighed on the latter, particularly Specialized and Industrial REITs: Crown Castle -2.25%, SBA Communications -1.72%, American Tower -1.44%.
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  • Stocks continued to march higher after breaching a narrow overnight range around midmorning, S&P Eminis and Nasdaq indexes making new all time highs (5494.00 and 17,904.26 respectively) while the DJIA gained, industrials remained off May 17 high of 40,003.59.
  • Currently, the DJIA is up 200.47 points (0.52%) at 38787.46, S&P E-Minis up 53.25 points (0.97%) at 5555.75, Nasdaq up 220.5 points (1.2%) at 17909.51.
  • Leading gainers: Information Technology shares moved to the fore in the second half, trailed by Consumer Discretionary stocks. Hardware/software makers supported the IT sector: Super Micro Computer +8.15%, Autodesk +7.29%, Broadcom +6.14% after the bell. Auto makers continued to support the Consumer Discretionary sector: Tesla +5.48%, GM +1.28%, Ford +1.26%.
  • Laggers: Meanwhile, Utilities and Real Estate sectors continued to trade weaker in late trade, independent power providers weighed on the Utilities sector: Vistra -4.54%, AES Corp -2.02%, Dominion Energy -2.00%. Investment Trusts weighed on the latter, particularly Specialized and Industrial REITs: Crown Castle -2.25%, SBA Communications -1.72%, American Tower -1.44%.