MNI China Daily Summary: Tuesday, June 18

MNI BRIEF: More Steps Needed On Integragted Finc'l Sevices-ECB

RBA SAYS IT REMAINS "VIGILANT TO UPSIDE RISKS"

MNI: PBOC Net Injects CNY84 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY86 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Lower At 7.1148 Tues; -1.35% Y/Y

MNI: GERMANY JUN ZEW CURRENT CONDITIONS -73.8

Final Data Confirms Mixed May HICP Print

MNI: GERMANY ZEW JUN ECONOMIC EXPECTATIONS 47.5

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Optimism On Multiple Fronts Boosts Stocks Again

EQUITIES

As was the case Monday, equities have risen to start Tuesday amid optimism on COVID vaccines and Brexit negotiations, combined with slightly diminished political uncertainty following news that President-elect Biden would formally be allowed to begin his transition to the office.

  • Asian stocks closed mixed (in Japan's return from holiday), with Japan's NIKKEI up 638.22 pts or +2.5% at 26165.59 and the TOPIX up 35.01 pts or +2.03% at 1762.4. China's SHANGHAI closed down 11.667 pts or -0.34% at 3402.823 and the HANG SENG ended 102 pts higher or +0.39% at 26588.2.
  • European equities are higher, with the German Dax up 117.62 pts or +0.9% at 13202.46, FTSE 100 up 55.15 pts or +0.87% at 6376.19, CAC 40 up 65.79 pts or +1.2% at 5542.32 and Euro Stoxx 50 up 36.98 pts or +1.07% at 3490.98.
  • U.S. futures are stronger, with the Dow Jones mini up 278 pts or +0.94% at 29824, S&P 500 mini up 27 pts or +0.76% at 3603, NASDAQ mini up 41.5 pts or +0.35% at 11946.75.
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