CHINA: Central Bank Injects Liquidity via OMO.

Feb-27 01:28

The PBOC injected CNY215bn of 7-day reverse repo at 1.5% during this morning’s operations.
Maturities today CNY125bn
Net liquidity injection CNY90bn.
The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
The CFETS Pledged Repo Deposit Institutions 7 Day Weighted Index is at 1.50% having closed yesterday’s at 2.23%.
The China Overnight repo rate is at 1.82% up from yesterday’s close of 1.58%.
The China 7-day repo rate is at 1.50% down from yesterday's close of 2.30%

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Jan-28 01:12

The BoJ offers to buy a total of Y750bn of JGBs from the market:

Jan-28 01:02

Asian stocks fell sharply as a global tech selloff, triggered by Chinese AI startup DeepSeek’s rise, rattled investor confidence. Japan’s Topix and Nikkei indices dropped 0.6% and 1.5%, respectively, with chip-related stocks like Advantest and Disco Corp. sliding further. Concerns emerged over the sustainability of high AI valuations after DeepSeek's low-cost model topped Apple’s app store, while Nvidia saw a historic $589 billion market-cap loss.
The yen strengthened, adding pressure on Japanese exporters, but strategists suggested the market could stabilize ahead of earnings season.
Australia's ASX is trading little changed this morning, benefitting from its small exposure to tech stocks. Consumer Discretionary stocks are leading the gains, while Real Estate stocks, led by Goodman Group after concerns grow due to their large exposure to data centers, the stock was last 7% lower.
US equity futures were flat after President Trump announced upcoming tariffs on foreign semiconductors and metals, fueling USD gains. Global attention is now focused on this week’s Big Tech earnings from Microsoft, Apple, and others, with slower profit growth expected amid stretched valuations. Lunar New Year holidays in many Asian markets limited trading activity.

Jan-28 00:42

Australian business conditions improved in December, rising 3pt to +6, driven by a recovery in retail as consumer spending strengthened and price pressures eased. Retail conditions turned positive for the first time since November 2023, while business confidence edged up 1pt to -2. Services sectors remained the strongest performers, and capacity utilization rose to 82.8%, above its long-term average, indicating robust demand.
The report highlights softer wage pressures, with labor cost growth at 1.4%, ahead of key quarterly inflation data that may prompt the RBA to consider rate cuts.
Focus will now turn to tomorrow's 4Q CPI, which is expected to show a drop to 2.5% from 2.8% y/y prior. RBA-date OIS is pricing in a 80% chance of a 25bps cut at the Feb meeting, firming 2bps this morning.

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