PBoC injects CNY 118.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 300bln via 14-day reverse repos with the rate at 1.65%
The PBoC's injection of CNY 418.5 billion through reverse repos indicates a clear intention to provide liquidity support to the market, particularly at a time when economic growth concerns are present.
Westpac's Ellis says can't rule out the RBA raising interest rates for a second consecutive time in March, according to Bloomberg
User reports indicate problems at Meta's (META) Instagram, according to Downdetector
PBoC injects CNY 118.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 300bln via 14-day reverse repos with the rate at 1.65%
[MARKET UPDATE] Metal prices give wiped out their initial gains with spot gold and spot silver pulling back after briefly reclaiming the USD 5,000/oz and USD 90/oz levels, respectively
PRE-MARKET CHINESE STOCKS NEWS: US President Trump and Chinese President Xi had an 'excellent' phone call
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
With the rates set at 1.40% for 7-day and 1.65% for 14-day instruments, this action signals a dovish stance aimed at stabilizing financial conditions, which could impact currency valuations and yield curves across Asia.
Related headlines
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased5 hours ago
- PBoC sets USD/CNY mid-point 6.7807 at vs exp. 6.7167 (prev. 6.7829)7 hours ago
- Newsquawk Daily Asia-Pac Opening News - 3rd September 202610 hours ago
- European Market Wrap - 2nd September 202618 hours ago
- Newsquawk US Market Wrap: Stocks bid with yields and oil little changed12 hours ago
- Newsquawk Daily Economic Releases - 3rd September 202618 hours ago
- BoJ is reportedly favouring 25bps hike and a flexible future pace, sources suggest1 hour ago
- RBNZ Governor Breman says gradual removal of monetary stimulus appropriate to return inflation to target while still supporting growth and employment12 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln21 min ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed29 min ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources32 min ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday59 min ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks1 hour ago
- RBA's Hunter says rate rises earlier this year are working, can see in the data3 hours ago
- US FX WRAP: Yen surges on no headline catalyst, with Kiwi weighed post-RBNZ13 hours ago
- US EQUITY OPEN: Stocks open contained as DELL surges ahead of AVGO earnings after-hours 18 hours ago
- Fed Beige Book: Economic activity increased modestly since early July. Employment rose very slightly overall. Prices increased moderately in eight Districts14 hours ago
- BoC Deputy Governor Rogers says monetary policy is never about one risk or one piece of data17 hours ago
- BoC Governor Macklem says inflation is too high, inflation is very concentrated in gasoline and oil prices; risks are shifting, prepared to adjust monetary policy as needed18 hours ago
- Newsquawk Daily European Equity Opening News - 3rd September 20263 hours ago
The whole workspace, free to try.
Try it free