MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Late Equity Roundup, Extending Gains Late

US STOCKS

Stocks making new late session highs after the FI close, follow through rsk on after Fed Chairman Powell's WSJ interview stuck to the dual mandate. SPX emini futures currently +79.25 (1.98%) at 4084.5, Dow Industrials +438.78 (1.36%) at 32663.54, Nasdaq +312.6 (2.7%) at 11975.88.

  • Latest earnings cycle winding down: Home Depot and Walmart annc'd earlier. Home Depot was trading +6% earlier after better-than-expected earnings results for its fiscal first quarter ended May 1, pared gains/currently trades +2.28% at 302.75 (310.94 high). WMT didn't fare as well initially after cutting profit guidance on rising costs, continues to fall -11.2% at 131.64 (-16.61).
  • Next to annc: Target early Wednesday, Applied Materials and Cisco Wednesday and Thursday respectively.
  • SPX leading/lagging sectors: Information Technology (+2.96%) as semiconductors outperform, outpacing Materials (+2.89%) and Financials (+2.87%)
  • Laggers: Consumer Staples (-1.26) food retail and super-center retailers lagging; Real Estate (+0.64%) followed by Utilities (+0.80%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +9.19 at 312.63; Boeing (BA) +8.24 at 132.29. Laggers: as noted Walmart, McDonalds (-3.17 at 240.87).
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