MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Stocks Absorb Fed Neutrality, Finish Higher

EQUITIES
  • A solid nonfarm payrolls report provided some decent support for equity markets at the open, buoying the e-mini S&P further off the Thursday lows and eye a broadly unchanged performance for the week.
  • Stocks looked lower mid-Friday trade as a few more Fed speakers made their final comments ahead of the pre-FOMC meeting media blackout. Both Bullard and Kashkari shrugged off recent volatility in real yields in the US, further pressuring markets to price-out the likelihood of imminent policy easing from the Fed as soon as March.
  • Energy and materials named led gains Friday, with consumer staples and industrials not far behind. Consumer discretionary names were the only sector in the red.
  • Across the European continent, stocks finished lower with losses of 0.3-1.0%. Germany's DAX was among the biggest decliners, with the UK's FTSE-100 still lower, but only posting a 0.3% fall.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBulletMarketsFixed 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.