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 BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

MNI China Daily Summary: Thursday, March 28

Japan Feb Retail Sales +4.6% Y/Y

Japan Feb Ind. Output -0.1% M/M; Shipments -0.4% M/M

Japan Tokyo Mar Core CPI +2.6% Y/Y

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: Bounce off Late Reversal

US STOCKS

Rocky second-half trade for stocks, reversing second half highs to mildly lower/new session lows before bouncing back to near middle of the range. Materials sector continued to outperform while Information Technology shares pared gains/made way for Real Estate shares.

  • Timing of the reversal coincided with a sharp sell-off in Bitcoin (-15%) and worrisome headlines for Fedex: HAS CUT FLIGHTS, PARKED PLANES AS DEMAND DROPS, CFO SAYS, Bbg. SPX eminis currently trading +21 (0.55%) at 3836.5; DJIA +344.5 (1.05%) at 33175.32; Nasdaq +39.1 (0.4%) at 10604.25.
  • SPX leading/lagging sectors: Materials (+1.97%) -- lead by metals and mining shares as metals continue to climb: Gold (+2.05%, +.3.96%/wk), Silver (+2.42%, +8.94%/wk) and Copper (+1.57%, +5.4%/wk): Newmont (NEM) +6.15%, Freeport McMoran (FCX) +3.00%. Real Estate (+0.93%) and Industrials (+0.86%) followed. Laggers: Consumer Discretionary (-0.37), Energy and Consumer Staples both +0.22%.
  • Dow Industrials Leaders/Laggers: Amgen (AMGN) +13.74 at 290.76, United Health (UNH) +5.44 at 550.46, Boeing (BA) +4.04 at 168.95. Laggers: Disney (DIS) -0.98 at 99.45, Walgreens Boots (WBA) -0.55 at 38.04, Chevron (CVX) -0.22 at 185.39.
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