MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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

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

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VF Corp (VFC; Baa3 Neg, BBB- Neg) 4Q24 Results

CONSUMER CYCLICALS
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Nothing new for us into the US close (equities -3%), Bloomberg with some colour around 'aviation program' sale progress from co sources - these will fall under non-core assets included in FY25 FCF guidance ($600m). Again previous remarks point it to being <$100m but co tagging it onto FCF indicates to us some desire to buffer headline performance/vol. Some more analyst takes below, all as expected, JP backing out $330-340m in net income from guidance which would be a ~30% miss on consensus heading in.


Equity takes: {NSN SDY58RBQ99TT } {NSN SDXUIXDWRGG0 }

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Nothing new for us into the US close (equities -3%), Bloomberg with some colour around 'aviation program' sale progress from co sources - these will fall under non-core assets included in FY25 FCF guidance ($600m). Again previous remarks point it to being <$100m but co tagging it onto FCF indicates to us some desire to buffer headline performance/vol. Some more analyst takes below, all as expected, JP backing out $330-340m in net income from guidance which would be a ~30% miss on consensus heading in.


Equity takes: {NSN SDY58RBQ99TT } {NSN SDXUIXDWRGG0 }

Keep reading...Show less