MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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US Stocks Shake Off Soft Start

EQUITIES
  • Equity markets started the session poorly, with cash indices opening modestly lower at the Wall Street opening bell. This weakness was erased as the session progressed, helping the S&P 500 inch back into positive territory.
  • Energy names were the main prop, as a WTI oil price nudging the recent cycle highs helped support explorers and refiners. Industrials and financials also lent support while communication services were the largest decliner.
  • The VIX initially saw some support on early equity weakness, buit the VIX retreated as the session progressed, keeping the index within range of the post-pandemic lows of 14.1 points printed yesterday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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