MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

Core Goods Pipeline Pressures Pick Up On 3m/3m Basis

Aircraft-Led Durables Collapse Masks Rebound In Core Orders

MNI: BELGIUM JUL BNB BUSINESS SURVEY -12.3

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

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

Post FOMC Sentiment Dominates Asia Pac Trade

CROSS ASSET

The first part of Thursday Asia Pac trade has been dominated by post FOMC sentiment. Broader macro sentiment is largely following US yield direction. We are -1 to -2bps down across the curve, which is away from session lows from a yield standpoint.

  • Still, the slight rebound in US yields hasn't materially dented risks appetite. Equity sentiment remains upbeat, with US futures, +0.30% higher for Eminis and +0.4% for Nasdaq futures, both near session highs.
  • Regional equities are stronger across the board, albeit to varying degrees. Higher beta plays like Hong Kong (+1.5%) and South Korea (+2%) outperforming.
  • The BBDXY is down 0.30%, with AUD (0.60%) and NZD (0.70%) outperforming. In EM Asia FX, the won is over 1%, THB +0.70%.
  • In the commodity space, oil has gained over 1% for the major benchmarks, copper +0.80%. while gold is up a more modest +0.20%.
EM BulletHomepageCommoditiesEquitiesAT&T Market NewsBank of America Market NewsEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
EM BulletHomepageCommoditiesEquitiesAT&T Market NewsBank of America Market NewsEmerging Market NewsBulletMarketsFixed 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.