MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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BCCh Traders Survey Due At 1330BST

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  • The Chilean peso outperformed yesterday, aided by a further 2%+ rally in copper prices. Overnight developments could moderately weigh on the peso at today’s open, underpinning the bullish USDCLP medium-term trend condition. Support to watch remains much lower at 935.63, the Mar 15 low.
  • Today, the central bank will publish its latest traders survey at 1330BST(0830ET), which will include market interest rate forecasts for the next MPC meeting. The recent economists survey showed that analysts expect a 50bp cut in May, following the 75bp move at the April 2 policy meeting. Looking ahead, just March PPI data will be published next week.
  • In other news, Mining Minister Williams suggested yesterday that the government will focus on upgrading the Hernan Videla Lira smelter, rather than build a new facility to reduce its dependence on Chinese plants. For now, the government is focused on a $1.4 billion project to expand the Hernan Videla Lira plant, Williams said.
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  • The Chilean peso outperformed yesterday, aided by a further 2%+ rally in copper prices. Overnight developments could moderately weigh on the peso at today’s open, underpinning the bullish USDCLP medium-term trend condition. Support to watch remains much lower at 935.63, the Mar 15 low.
  • Today, the central bank will publish its latest traders survey at 1330BST(0830ET), which will include market interest rate forecasts for the next MPC meeting. The recent economists survey showed that analysts expect a 50bp cut in May, following the 75bp move at the April 2 policy meeting. Looking ahead, just March PPI data will be published next week.
  • In other news, Mining Minister Williams suggested yesterday that the government will focus on upgrading the Hernan Videla Lira smelter, rather than build a new facility to reduce its dependence on Chinese plants. For now, the government is focused on a $1.4 billion project to expand the Hernan Videla Lira plant, Williams said.