China Stock Market

Note for the diary - China's plenum meeting in July will focus on the economy

• Expectations for big stimulus are low

PBOC sets USD/ CNY reference rate for today at 7.1291 (vs. estimate at 7.2774)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2774 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

China Caixin Manufacturing PMI for June 2024 51.8 (expected 51.2, prior 51.7)

• 51.8 is the highest in three years

PBOC sets USD/ CNY reference rate for today at 7.1265 (vs. estimate at 7.2558)

• PBOC CNY reference rate setting for the trading session ahead

PBOC is expected to set the USD/CNY reference rate at 7.2558 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Weekend data - China's offiical PMIs for June were mixed, disappointing on the whole

• Manufacturing came in 49.5, services at 50.5

PBOC sets USD/ CNY reference rate for today at 7.1196 (vs. estimate at 7.2698)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2698 – Reuters estimate

• The rate will be set around 7.12

Offshore yuan at its lowest since November last year as the PBOC relaxes its grip on CNY

PBOC Loan Prime Rates (LPR) remain unchanged at today's rate setting, as expected

• People's Bank of China LPRs set at 3.45% for the one-year and 3.95% for the five-year

PBOC sets USD/ CNY central rate at 7.1192 (vs. estimate at 7.2653)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2653 – Reuters estimate

• Expect the rate somewhere on the 7.11 and perhaps even the 7.12 big figure today

The PBOC USD/CNY fixing is coming up soon - looks like the Bank is lightening up

• PBOC CNY reference rate setting for the trading session ahead.

China is expected to leave interest rates unchanged today - how long until they cut?

• Loan Prime Rates (LPR) are set by the People's Bank of China today, Thursday, 20 June 2024