CHINA-EU: VdL Talks Trade & Russia w/ Chinese Premier At UNGA
Sep-24 15:59
(MNI) London - Following talks with Chinese Premier Li Qiang on the sidelines of the UN General Assembly in New York City, European Commission President Ursula von der Leyen posts on X regarding the "good and frank" meeting, saying the two discussed trade matters, and that "Europe’s concerns regarding export controls, market access, and overcapacity are well known. I appreciate China’s willingness to engage with us in a spirit of mutual understanding."
- VdL: "On Russia’s war of aggression against Ukraine, I welcomed Premier Li’s statement that both Europe and China share an interest in maintaining world peace. I explained Europe’s commitment to cutting off the revenue streams that fuel Russia’s war. I expressed my request to China to use its influence to help bring an end to the killing and encourage Russia to go to the negotiating table. Time for diplomacy is now. It would send a strong signal to the world."
- The talks are the highest-level discussion between EU and Chinese leaders since the EU-China summit over the summer, which was seen to have achieved little in terms of overcoming divisions on issues of geopolitics, trade and climate change.
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US STOCKS: Midday Equities Roundup: Scaling Off Friday's Record highs
Aug-25 15:58
- Stocks are holding near steady (SPX eminis) to mixed ahead midday Monday, the DJIA underperforming as markets (rates, currency and equities) gradually unwound a portion of Friday's post-Chair Powell related rally.
- After climbing to new record high last Friday (45,757.84), the DJIA trades currently down down 236.08 points (-0.52%) at 45394.98, S&P E-Minis Future down 4.75 points (-0.07%) at 6478.75, Nasdaq up 64.6 points (0.3%) at 21561.27.
- Consumer Staples and Health Care sectors underperformed in the first half, highlight laggers in staples included: Keurig Dr Pepper -7.93%, Constellation Brands -3.47%, Estee Lauder -2.47%, Conagra Brands -2.19% and McCormick & Co -2.16%. Pharmaceutical stocks weighed on the Health Care sector: Dexcom -5.70%, Moderna -4.72%, Pfizer -2.16% and Align Technology -2.10%.
- On the positive side, tech stocks led gainers in the first half: Seagate Technology Holdings +3.49%, Western Digital +3.14%, Super Micro Computer +1.98% and NVIDIA +1.79% (Nvidia reports after Wednesday's close). Interactive media and entertainment shares were buoyed: Netflix +1.96%, Alphabet +1.44%, Electronic Arts +1.08%.
ITALY AUCTION PREVIEW: On offer Thursday
Aug-25 15:56
The MEF will sell the following at it's 5/10-year BTP / CCTeu auction on Thursday 28 August:
- E2.00-2.75bln of the 2.70% Oct-30 BTP (ISIN: IT0005654642)
- E1.00-1.25bln of the 3.65% Aug-35 BTP (ISIN: IT0005631590)
- E1.75-2.00bln of the 3.60% Oct-35 BTP (ISIN: IT0005648149)
- E1.50-2.00bln of the 1.05% Apr-34 CCTeu (ISIN: IT0005652828)
FED: US TSY 13W BILL AUCTION: HIGH 4.100%(ALLOT 93.05%)
Aug-25 15:32
- US TSY 13W BILL AUCTION: HIGH 4.100%(ALLOT 93.05%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 28.87% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 7.11% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 64.03% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 3.07
