MNI China Daily Summary: Wednesday, April 24

MNI BRIEF: China Steel Demand Q2 Limited Rebound

MNI: Japan Nippon Life To Up Yen Bonds, Hedged Foreign Assets

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: US MBA: MARKET COMPOSITE -2.7% SA THRU APR 19 WK

US MBA: REFIS -6% SA; PURCH INDEX -1% SA THRU APRIL 19 WK

CBI Price Expectations Highest Since February 2023

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Australia Dec Retail Trade -2.7% M/M

AUSTRALIA DATA
MNI (Singapore)
Energy BulletsCommodities

The December 2023 seasonally adjusted estimate:

  • Fell 2.7% month-on-month.
  • Rose 0.8% compared with December 2022.
  • Food retailing rose 0.1% ($19.5m).
  • Household goods retailing fell 8.5% (-$526.6m).
  • Clothing, footwear and personal accessory retailing fell 5.7% (-$173.3m).
  • Department stores fell 8.1% (-$160.8m).
  • Other retailing fell 1.1% (-$58.7m).
  • Cafes, restaurants and takeaway food services fell 1.1% (-$60.2m).
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The December 2023 seasonally adjusted estimate:

  • Fell 2.7% month-on-month.
  • Rose 0.8% compared with December 2022.
  • Food retailing rose 0.1% ($19.5m).
  • Household goods retailing fell 8.5% (-$526.6m).
  • Clothing, footwear and personal accessory retailing fell 5.7% (-$173.3m).
  • Department stores fell 8.1% (-$160.8m).
  • Other retailing fell 1.1% (-$58.7m).
  • Cafes, restaurants and takeaway food services fell 1.1% (-$60.2m).