MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI: US MBA: MARKET COMPOSITE -2.2% SA THRU JUL 19 WK

US MBA: REFIS +0.3% SA; PURCH INDEX -4% SA THRU JULY 19 WK

Market round-up post PMIs

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Russia To Halt Gas To Poland In Latest Supply Side Flare Up

COMMODITIES
  • Oil prices have been supported today first by PBOC measures to bolster demand and then a ratcheting up of supply tensions more generally from events in Transdniestria before headlines of Russia moving to cease gas supply to Poland.
  • TTF natural gas closed +11%, with the significant escalation driven by PGNIG confirming it won’t pay in rubles.
  • WTI is +3.8% at $102.28, sticking with yesterday’s range as it moves closer to initial resistance at $105.42 (Apr 21 high). The most active strikes in CLM2 have been $90/bbl puts.
  • Brent is +3.1% at $105.51, also within yesterday’s range and again not yet troubling resistance at $109.80.
  • Gold is only +0.1% at $1898.7 in a particularly steady session after sliding heavily the past two sessions. It continues to hover above support at the bear trigger of $1890.2 whilst resistance is the 20-day EMA of $1945.1.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.