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E-MINI S&P (U2): Holding On To Its Recent Gains


Holding On To Its Recent Gains


EGB Supply For W/C July 25, 2022


Outlook Remains Bearish

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     BEIJING (MNI) - The Chinese yuan weakened to 6.4074 against the U.S. dollar
on Tuesday from Monday's 6.3938 closing, following today's weaker fixing. 
     The People's Bank of China (PBOC) set the yuan central parity rate at
6.4021, weaker than Monday's 6.3962.
     Interbank market rates rose after the PBOC injected net CNY50 billion this
morning. The 7-day repo average rose to 2.8038% from 2.7762% Monday, while
overnight repo average increased to 2.7326% from 2.5288%. 
     Yield on 10-year China Government Bond last traded 3.6200%, unchanged from
the close Monday: Wind Information.
The Shanghai Composite Index was down 0.6% to 3,116.59 at 11:30 a.m. trading
break, while Hong Kong's Hang Seng Index was last down 0.45% at 30,652.99. 
--MNI Beijing Bureau; +86 10 85325998; email:
--MNI Beijing Bureau; +86 10 8532 5998; email:
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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