MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

MNI: SWEDEN Q2 GDP +0% Y/Y

MNI: SWEDEN JUN RETAIL SALES -0.1% Y/Y

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PBoC Liquidity & Yuan Dynamics Support Equities

EQUITIES

A sizable net liquidity injection from the PBoC via its MLF mechanism and a firmer yuan helped put a mild bid into e-minis overnight, with the major regional equity indices mostly trading higher during Asia-Pac hours after Monday's M&A/COVID vaccine driven rally on Wall St. (admittedly the latter topic saw mixed news flow as we moved through the day).

  • The exception was the Nikkei 225, which struggled as all of the major sectors lost ground on the day, with Monday's downtick in USD/JPY presenting a headwind.
  • Nikkei 225 -0.6%, Hang Seng +0.4%, CSI 300 +0.3%, ASX 200 +0.1%.
  • S&P 500 futures +5, DJIA futures +42, NASDAQ 100 futures +19.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
CommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.