MNI: Positive comments from Chinese President Xi.....>

MNI: Positive comments from Chinese President Xi re: opening up of

imports/lowering import tariffs is providing some modest risk on flows, allowing

T-Notes to edge back from session highs, while USD/JPY has moved back to

unchanged.

- This comes after a soft set of Chinese Caixin Services & Composite PMIs. The

release revealed that services activity growth had weakened to a 13-month low,

while manufacturing production was broadly unchanged. Total new orders edged

closer to stagnation, while the increase in service sector staff numbers largely

offset the fall in manufacturing employment.

- AUD/USD trades marginally higher on the day, although NZD is lagging on the

back of the aforementioned NZ Tsy monthly economic indicator report.