Free Trial

Soft Data Pushes PBoC Into Rate Cuts

SNAPSHOT

Below gives key levels of markets in the second half of the Asia-Pac session:

  • Nikkei 225 up 344.96 points at 28891.94
  • ASX 200 up 39.893 points at 7072.40
  • Shanghai Comp. down 2.021 points at 3274.867
  • JGB 10-Yr future up 9 ticks at 150.35, yield down 0.5bp at 0.185%
  • Aussie 10-Yr future up 6.5 ticks at 96.615, yield down 6.4bp at 3.364%
  • U.S. 10-Yr future +0-02+ ticks at 119-11, yield up 0.37bp at 2.835%
  • WTI crude down $0.84 at $91.25, Gold down $8.55 at $1793.88
  • USD/JPY down 20 pips at Y133.22
  • CHINA’S XI JINPING PLANS TO MEET WITH BIDEN IN FIRST FOREIGN TRIP IN NEARLY THREE YEARS (WSJ)
  • MORE U.S. LAWMAKERS VISITING TAIWAN 12 DAYS AFTER PELOSI TRIP (POLITICO)
  • PBOC CUTS RATES, DRAINS MEDIUM-TERM LIQUIDITY, WHILE CHINESE DATA DISAPPOINTS
  • GOVERNOR 'OPEN TO REVIEW' OF BANK OF ENGLAND'S MANDATE AFTER CRITICISM FROM LIZ TRUSS (TELEGRAPH)
  • WALL STREET REVIVES RUSSIAN BOND TRADING AFTER U.S. GO-AHEAD (RTRS)
  • RUSSIAN OIL FLOWS TO CZECH REPUBLIC HAVE RESUMED, PIPELINE OPERATOR SAYS (RTRS)

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.