MNI China Daily Summary: Wednesday, July 3

MNI BRIEF:BOJ Q1 Output Gap Hits 16th Negative Reading In Row

MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

PPI a Tenth Softer than Exp; Further NEIG HICP Disinflation to Come?

MNI: EUROZONE MAY PPI -0.2% M/M, -4.2% Y/Y

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

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

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

Stocks Undergo Bout of Weakness to Put Index at Fresh Lows

EQUITIES
Credit BulletsHomepagemarkets-real-timeCreditEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News
  • Equities undergo a bout of weakness in recent trade, putting the e-mini S&P at new pullback lows, helping put some weight through USD/JPY, which similarly touches the lowest levels of the day.
  • No specific headline flow or news to drive the move - last headlines on Iran and the Strait of Hormuz don't quite match up as the driver - and wasn't particularly new news.
  • Largest sell program of the day goes through via the NYSE's TICK index, with a net of 864 names sold at 1030ET/1530BST - likely the primary driver for equities here
93 words

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.
  • Equities undergo a bout of weakness in recent trade, putting the e-mini S&P at new pullback lows, helping put some weight through USD/JPY, which similarly touches the lowest levels of the day.
  • No specific headline flow or news to drive the move - last headlines on Iran and the Strait of Hormuz don't quite match up as the driver - and wasn't particularly new news.
  • Largest sell program of the day goes through via the NYSE's TICK index, with a net of 864 names sold at 1030ET/1530BST - likely the primary driver for equities here