MNI BRIEF: IMF Cuts Japan 2024 GDP View To +0.7% Vs. Apr 0.9%

CANADA JUNE CPI +2.7% YOY VS FORECAST +2.8%, PRIOR +2.9%

MNI China Daily Summary: Tuesday, July 16

MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

EZ/UK Bond Supply Calendar: Greece, UK, Germany Due Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

MNI: US MAY BUSINESS INVENTORIES +0.5%; SALES +0.0%

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

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

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Stocks Hold Lofty Heights, But Further Gains Hard to Come By

EQUITIES
  • The S&P 500 inched higher Tuesday to touch new all-time highs at 4,086.23 for the cash index. Gains were minimal, however, as progress in consumer staples and utilities was tempered by weakness in technology and real estate firms.
  • In futures markets, the e-mini S&P faltered at 4,076 before dipping back into negative territory, indicating that further swift gains could be harder to come by as the divergence from the 50-dma widens to its highest level since February.
  • Across Europe, gains were more uniform with all major indices closing higher. Strength was noted in UK's FTSE-100 as GBP weakness flattered the index. Italy's FTSE-MIB lagged slightly, but still managed to close with gains of 0.2%.
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