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MNI US MARKETS ANALYSIS - Fresh PBOC Stimulus Boosts Sentiment

Highlights:

  • Fresh Chinese monetary easing aims to stimulate domestic demand and promote the achievement of the country’s annual growth target.
  • The USD index is little changed on the session, with just US consumer confidence on the data calendar.
  • Potential comments from hawkish Fed dissenter Bowman will be monitored, while BoC Gov. Macklem participates in a fireside chat.

US TSYS: Yesterday’s Recovery Rally Unwinds, Curves Steepen to Fresh ’24 Highs

Tsys lower during pre-NY hours as a Chinese monetary easing package weighed on bonds, while driving a rally in equities and oil.

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Highlights:

  • Fresh Chinese monetary easing aims to stimulate domestic demand and promote the achievement of the country’s annual growth target.
  • The USD index is little changed on the session, with just US consumer confidence on the data calendar.
  • Potential comments from hawkish Fed dissenter Bowman will be monitored, while BoC Gov. Macklem participates in a fireside chat.

US TSYS: Yesterday’s Recovery Rally Unwinds, Curves Steepen to Fresh ’24 Highs

Tsys lower during pre-NY hours as a Chinese monetary easing package weighed on bonds, while driving a rally in equities and oil.

Keep reading...Show less