MNI: PBOC Net Injects CNY11.73 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1449; +0.50% Y/Y

CHINA PBOC CONDUCTS CNY12.9 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1449 FRI VS 7.1460

MNI BRIEF: BCB Copom's Galipolo Sees Upside Inflation Risk

MNI BRIEF: Goolsbee Warns Fed Staying Too Tight, Too Long

CHINA JULY FOOD PRICES +0.0% Y/Y VS -2.1% Y/Y JUNE

CHINA JULY CPI +0.5% Y/Y VS MEDIAN +0.3%; JUNE +0.2% Y/Y: NBS

MNI: FED BALANCE SHEET TOTAL ASSETS -$3B TO $7.175T IN WEEK

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equity Roundup: Near Highs

US STOCKS
  • Stocks remain firmer in late trade, near session highs after this morning's post-CPI knee-jerk sell-off. Currently, S&P E-Mini futures are up S&P E-Mini Future up S&P E-Mini Future up 8.25 points (0.18%) at 4521.75, Nasdaq up 58.8 points (0.4%) at 13832.67, DJIA down 12.22 points (-0.04%) at 34635.34.
  • Leaders: Utilities, Consumer Discretionary and Information Technology sectors continue to outperform. Natural gas shares lead the former with Ameren +2.32% Duke Energy +2.25%, Alliant Energy +2.09%. Autos buoyed Consumer Discretionary sector, Ford outperformed Tesla for once, +2.0% vs. +1.75% respectively while GM gained 0.25%.
  • IT sector shares rebounded from better selling Tuesday, chip stocks and software makers outperforming hardware: Synopsis +3.08%, AMD +2.6%, Oracle +2.45%. On the flipside, SolarEdge -4.63%, Enphase -3.25%, HP Inc -1.8%.
  • Laggers: Energy, Real Estate and Industrials sectors underperformed. Equipment and services lagged oil and gas shares after trading stronger the last couple sessions as crude prices soared (WTI currently -.25 at 88.59). APA -5.7%, Schlumberger -2.15%, Baker Hughes -2.15%. Commercial real estate services and investment firm CBRE fell 8% on the day after presenting at a Barclays conf.
  • Technicals: despite Wednesday's bounce, a bear cycle in the E-mini S&P contract and short-term gains are considered corrective for now. A stronger sell-off would signal scope for a move towards the key support and bear trigger at 4397.75, the Aug 18 low. Clearance of this support would strengthen a bearish case.
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.