MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +41.2B CAD IN APR

MNI: US NY FED EMPIRE STATE MFG INDEX -6.0 JUN

Labor Cost Index Revised Even Higher

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

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Third Day Of Gains For Asia-Pac Bourses

EQUITIES

Another day of gains for Asia-Pac equities, most indices gaining for a third day. Bourses rose almost across the board in Asia, the Hang Seng is the underperformer with losses of around 0.4% as losses in Alibaba post earnings weigh.

  • Markets took a positive lead from the US where indices posted back to back rallies as headlines around the Reddit/GME frenzy subside.
  • In Japan the Nikkei rose over 1%, boosted by automakers as Mitsubishi beat earnings with better guidance, while Toyota enjoyed analyst upgrades. The ASX 200 seeing strong gains as well, shaking off losses in iron ore miners as the commodity continues to come under pressure.
  • E-mini S&P advanced and Nasdaq futures contracts climbed after Alphabet and Amazon reported revenue that topped estimates, while Amazon also noted that CEO Jeff Bezos will step down from his post, but would stay with the company.
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