MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

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

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US Equities are losing some momentum

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  • US Equities are fading, lost its upside momentum, and similar price action across multi assets, Govies are off their best levels, Bund still trades in a very 25 ticks range in quite poor volumes of under 70k for this early time of the day.
  • The Pound has also faded somewhat, although the earlier bid was minimal and USD driven, with the latter offered on the back of the Risk On tone.
  • Nonetheless, these upper levels in Emini, would still suggest a potential record opening high later today, as Cash markets re open and catch up with some of Yesterday/Today's moves.
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  • US Equities are fading, lost its upside momentum, and similar price action across multi assets, Govies are off their best levels, Bund still trades in a very 25 ticks range in quite poor volumes of under 70k for this early time of the day.
  • The Pound has also faded somewhat, although the earlier bid was minimal and USD driven, with the latter offered on the back of the Risk On tone.
  • Nonetheless, these upper levels in Emini, would still suggest a potential record opening high later today, as Cash markets re open and catch up with some of Yesterday/Today's moves.