MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

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

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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

Tech Plays Still Outperforming, PBoC Rate Cuts Helps At The Margins

EQUITIES

Regional equities are mostly tracking higher. The China PBoC 7-day cut providing some support, but other themes have been evident. Japan stocks once again leading the move higher. Tech related indices have also risen, following strong gains in Monday US trade. US futures are firmer, Eminis last near 4400, +0.20%, while Nasdaq futures continue to outperform (+0.40%).

  • Japan bourses have benefited from positive tech spill over from Monday US trade, while SoftBank rose as much as 7.7% on reports that its Arm chip unit could receive investment from Intel.
  • At the break, the HSI is up 0.40%, just below session highs, the tech sub index is +2.10%. China's CSI 300 is only +0.12% higher, with little aggregate benefit from the 7-day repo cut by the PBoC. Still, the real estate sub index is slightly firmer at +0.43%.
  • The Taiex is up +1.60%, following the strong +3.3% rally in the US SOX on Monday. The Kospi is +0.40%, but the Kosdaq is doing better at +1.35%.
  • In SEA trends are more mixed, Malaysia stocks off by 0.45%, while Indonesia stocks are struggling to stay in positive territory. Some carry over from weaker energy/crude palm oil prices may be weighing.
EM BulletFixed Income BulletsHomepageEquitiesBulletMarketsEmerging Market NewsForeign Exchange BulletsAT&T Market NewsBank of America Market News
EM BulletFixed Income BulletsHomepageEquitiesBulletMarketsEmerging Market NewsForeign Exchange BulletsAT&T Market NewsBank of America Market News

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.