BOC: MNI Rough Transcript Of BOC Press Conference

Jan-28 16:36

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US STOCKS: Midday Equities Roundup: Unwinding Longs

Dec-29 16:35
  • Stocks are running weaker ahead midday, scaling off last week's highs as accounts took profits going into year end. Volumes improved with European bourses back from extended Christmas holidays.
  • Currently, the DJIA trades down 240.28 points (-0.49%) at 48476.49, S&P E-Mini Futures down 31.5 points (-0.45%) at 6948.5, Nasdaq down 143.6 points (-0.6%) at 23450.81.
  • Materials, IT and Discretionary sector shares led declines in the first half, mining stocks unwinding support as Gold fell sharply from Friday's record highs (4335.0 current vs. 4533.21 Frida): Newmont -5.02%, Albemarle -3.01%, Freeport-McMoRan -2.38% and Martin Marietta Materials -1.75%.
    • Concerns over AI-related valuations weighed on Tech stocks (again): Sandisk Corp -3.60%, NVIDIA -2.00%, ON Semiconductor -1.69% and Oracle -1.30%.
    • Meanwhile, luxury travel related shares trade weaker: Norwegian Cruise Line -2.63%, Tesla -1.90%, MGM Resorts -1.65%, Royal Caribbean -1.55%.
  • On the positive side, Utilities and Energy sector shares led advances ahead midday: Devon Energy +2.07%, Diamondback Energy +1.87%, Expand Energy +1.59% and Exxon Mobil +1.59%.
    • While PG&E gained +1.43%, Edison International +1.09%, Southern Co +1.00%, NextEra Energy +0.86% and Eversource Energy +0.83%.

FED: US TSY 26W BILL AUCTION: HIGH 3.500%(ALLOT 87.64%)

Dec-29 16:32
  • US TSY 26W BILL AUCTION: HIGH 3.500%(ALLOT 87.64%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 49.03% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 8.69% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 42.28% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 2.52

FED: US TSY 13W BILL AUCTION: HIGH 3.570%(ALLOT 74.04%)

Dec-29 16:32
  • US TSY 13W BILL AUCTION: HIGH 3.570%(ALLOT 74.04%)
  • US TSY 13W BILL AUCTION: DEALERS TAKE 36.74% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: DIRECTS TAKE 6.49% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: INDIRECTS TAKE 56.77% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: BID/CVR 2.66