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Equities trade mixed ahead of month and quarter-end, CN PMI data mixed

General trend

- PBOC Quarterly Policy Statement: to provide more forceful support to the real economy.

- Japanese equities have extended declines.

- Energy and Resources indices weigh on Australian equities.

- US equity FUTs trade lower.

- Shanghai and HK markets outperform.

- Macau monthly casino revenues in focus.

- China’s Commerce Ministry (MOFCOM) sometimes holds weekly news conferences on Thurs.

- US to release PCE data.

- BOJ bond buying schedule due after the market close.

- BOJ Tankan survey due on Fri.; Tokyo CPI will also be released.

Headlines/Economic data

Australia/New Zealand

- ASX 200 opened flat.

- (NZ) New Zealand Jun ANZ Activity Outlook: -9.1 v -4.7 prior; Business Confidence: -62.6 v -55.6 prior [lowest since Apr 2020].

- (NZ) Reserve Bank of New Zealand (RBNZ) Chief Economist Conway: Tide may have turned against housing being a one way bet for a generation of New Zealanders; Core housing fundamentals have changed.

- (AU) Australia Q1 Job Vacancies Q/Q: 13.8% v 6.2% prior.

- (AU) Australia May Private Sector Credit M/M: 0.8% v 0.8% prior; Y/Y: 9.0% v 8.6%e.

Japan

- Nikkei 225 opened -0.2%.

- (JP) Japan May Preliminary industrial production M/M: -7.2% V -0.3%E; Y/Y: -2.8% V 4.2%E.

- (JP) Japan Investors Net Buying of Foreign Bonds: -¥1.60T v -¥496.7B prior; Foreign Net Buying of Japan Stocks: -¥429.7B v -¥942.5B prior.

- (JP) Tokyo said to raise COVID warning to the 2nd highest level - Japan press.

Korea

- Kospi opened -0.4%.

- (KR) South Korea sets 2023 Minimum Wage at KRW9.6K/hr, +5% y/y.

- (KR) South Korea May Industrial Production M/M: 0.1% v 0.5%e; Y/Y: 7.3% v 4.0%e.

- (KR) South Korea May Cyclical Leading Index Change: +0.1 v -0.3 prior (1st increase since Jun 2021).

- (KR) South Korea May Retail Sales M/M: -0.1% v -0.2% prior; Y/Y: 10.1% v 0.5% prior.

- (CN) China NDRC: May Natural Gas Apparent Consumption Y/Y: -5.2% v -1.8% prior.

China/Hong Kong

- Hang Seng opened -0.4%; Shanghai Composite opened -0.1%.

- (CN) China Jun manufacturing PMI (GOVT OFFICIAL): 50.2 V 50.5E.

- (CN) China PBOC sets Yuan reference rate: 6.7114 v 6.7035 prior.

- (CN) China PBOC Open Market Operation (OMO): Sells CNY80B in 7-day reverse repos v CNY100B prior; Net inject CNY70B v Net inject CNY90B prior.

- (CN) China Securities Regulator (CSRC) cutting fees on private corporate bond sales by CNY160M.

North America

- (US) Q1 Final GDP annualized Q/Q: -1.6% V -1.5%E; personal consumption: 1.8% V 3.1%E.

- Unity U To cut 4% of staff.

- (US) DOE Crude for week ending June 24TH -2.8M; Gasoline: +2.7M; DISTILLATE: +2.6M.

Europe

- (UK) Jun Lloyds Business Barometer: 28 v 38 prior.

- (UK) May Car Manufacturing 62.3K units, +13.3% y/y - SMMT.

Levels as of 01:20 ET

- Nikkei 225, -1.4%, ASX 200 -1% , Hang Seng +0.4%; Shanghai Composite +1.5% ; Kospi -1.1%.

- Equity S&P500 Futures: -0.4%; Nasdaq100 -0.4%, Dax -0.5%; FTSE100 -0.6%.

- EUR 1.0457-1.0433 ; JPY 136.81-136.40 ; AUD 0.6903-0.6852 ;NZD 0.6229-0.6198.

- Gold flat at $1,816/oz; Crude Oil +0.1% at $109.95/brl; Copper -0.1% at $3.7670/lb.

Author

TradeTheNews.com Staff

TradeTheNews.com Staff

TradeTheNews.com

Trade The News is the active trader’s most trusted source for live, real-time breaking financial news and analysis.

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