MNI: PBOC Conducts Net CNY2 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0947 Mon; -4.91% Y/Y

MNI: China CFETS Yuan Index Up 0.05% In Week of Apr 3

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0947 MON VS 7.0949

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

Industrial Production Ticking Higher, But Outlook Remains Clouded

MNI: SWISS MAR UNEMPLOYMENT -2.9% M/M, +17.1% Y/Y

Australia Feb Housing New Loan Commitments +1.5%

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: CitiGroup Outperforms, Buoys Bank Sector

US STOCKS

Stocks trading near late session highs after the FI close, improved risk appetite after Atlanta Fed Bostic, SF Fed Daly helped temper hawkish policy rhetoric (since Wed's hit CPI) as rates pared losses stating she is already "seeing signs inflation is slowing", concern over recession not high on her list of outcomes.

  • SPX eminis currently trading +65.5 (1.73%) at 3858.75; DJIA +589.57 (1.92%) at 31217.75; Nasdaq +175.3 (1.6%) at 11426.19.
  • SPX leading/lagging sectors: Financials outperform (+3.76%) while some banks missed earnings est's, Citigroup (C) beat: 2.19 eps vs. 1.699 est. Citi shares gaining 14.5% in late trade, buoying other bank shares. Health Care (+2.14%) and Consumer Discretionary (+1.87%) followed. Laggers: Utilities (+0.16%), Consumer Staples (+0.28%) and Real Estate (+1.33%).
  • Dow Industrials Leaders/Laggers: United Health (UNH) +23.77 at 526.20; as note, bank shares bounced: Goldman Sachs (GS) +13.86 at 299.45, JPM +5.39 at 113.39. Laggers: Procter Gamble (PG) -0.49 at 144.78, Coca-Cola (KO) +0.18 at 62.37, Boeing (BA) +0.20 at 147.35.
  • Earnings expected next Monday: Bank of America (BAC), Charles Schwab(SCHW), Goldman Sachs (GS).
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