MNI China Daily Summary: Friday, April 12

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: PBOC Injects Net CNY2 Bln Via OMO Fri; Rates Unchanged

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

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

Final March Inflation Reading Confirms Softening Core Dynamics

Inflationary Breadth Narrows, But Services HICP Stays Above 4%

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Banking Fears Not Enough to Plunge Commodities into the Abyss: Citadel

OIL

The current economic decline sparked by banking fears is not enough to plunge commodities into the abyss according to Citadels head of commodities.

  • "The risk is not systemic at this point. A lot of lending in commodities is collateralised so there won't be a major impact." Sebastian Barrack said.
  • "The depth of the recession is more important. We need to have a 5-6% global GDP cut to have a major impact on commodities," he said.
  • "The macro backdrop remains an unanswered question as OPEC assesses impact on demand. The fact that they are not yet cutting supply demonstrates a quiet level of confidence," he said.
Energy BulletsCommodities
Energy BulletsCommodities

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