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: Earnings Round Out Session

US STOCKS

Stock indexes trading mildly weaker ahead the FI close, Nasdaq outperforming, on lighter volumes ahead Fri's July employment data and ongoing earnings releases after the bell. Currently, SPX eminis trades -5.25 (-0.13%) at 4151; DJIA -94.72 (-0.29%) at 32717.48; Nasdaq +21.6 (0.2%) at 12689.82.

  • Earnings releases after the close: Vertex Pharmaceuticals (VRTX) $3.514 est, Expedia (EXPE $1.530 est, Corteva Inc (CTVA) $1.479 est, Amgen (AMGN) $4.402 est.
  • SPX leading/lagging sectors: Industrials (+0.53%) narrowly outpaced Utilities and Materials in late trade, both +0.51%, Consumer Discretionary (+0.32%). Laggers: Energy sector continues to underperform (-1.65%), followed by Consumer Staples (-0.81%), Health Care and Financials (-0.44%).
  • Dow Industrials Leaders/Laggers: 3M Co (MMM) +4.78 at 148.27, Visa (V) +4.26 at 212.74, Caterpillar bounces back from Wed selling (CAT) +2.48 at 185.35, Honeywell (HON) +1.14 at 192.64. Laggers: United Health (UNH) -6.80 at 533.85, Walmart (WMT) -4.13 at 126.37, Chevron (CVX) -2.41 at 152.95.
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