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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.
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Free AccessMainland Chinese stocks are seeing renewed....>
CHINA: Mainland Chinese stocks are seeing renewed weakness today with the CSI300
down ~1.4% at 3200. H-shares are faring better but the HSI remains below the
26000 level. The Chinext is under pressure too after failing to break above the
55-dma yesterday, which keeps the downtrend intact despite recent
outperformance.
- Rate markets are seeing downside pressure spill over from weaker stocks, with
the 2-year swap continuing yesterday's weakness, down 1bp to 2.85%.
- With US-China yield spreads at new highs of 25.6bps, USDCNH is facing upside
pressure. A break above yesterday's high of 6.9284 would trigger an inverse
head-and-shoulders pattern targeting a move above 7.0.
- Correlations across Chinese assets continue to rise as trade headlines
continue to dominate.
To read the full story
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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.