MNI China Daily Summary: Thursday, May 16

MNI BRIEF: China To Take Necessary Measures Following Tariffs

MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

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

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

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

EZ/UK Bond Supply Calendar: EFSF Synd; SK Auction, BoE APF Monday

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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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Campos Neto Sees Some Improvement In Labour-Sensitive Services CPI

BRAZIL
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  • Local markets are closed today for the May 1 Labour Dar holiday. Focus will thus be on the FOMC decision at 1900BST(1400ET) and Powell’s post meeting comments. While he’s is likely to affirm the FOMC’s currently higher-for-longer stance, the degree to which he plays down rate hike possibilities will be key to the market’s takeaway from the meeting.
  • In other news, Finance Minister Haddad said yesterday that the government is waiting for reports from Moody’s and Fitch on the country. He also said that the government is seeking a solution for the payroll tax exemption, following the recent appeal by the Senate against the Supreme Court ruling suspending an extension of some of the exemption.
  • Meanwhile, BCB President Campos Neto said in an interview with CNN Brazil that inflation is in the process of converging, with the latest readings a little better and behaving as expected. He also noted that indicators for labour-intensive services inflation are improving.
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  • Local markets are closed today for the May 1 Labour Dar holiday. Focus will thus be on the FOMC decision at 1900BST(1400ET) and Powell’s post meeting comments. While he’s is likely to affirm the FOMC’s currently higher-for-longer stance, the degree to which he plays down rate hike possibilities will be key to the market’s takeaway from the meeting.
  • In other news, Finance Minister Haddad said yesterday that the government is waiting for reports from Moody’s and Fitch on the country. He also said that the government is seeking a solution for the payroll tax exemption, following the recent appeal by the Senate against the Supreme Court ruling suspending an extension of some of the exemption.
  • Meanwhile, BCB President Campos Neto said in an interview with CNN Brazil that inflation is in the process of converging, with the latest readings a little better and behaving as expected. He also noted that indicators for labour-intensive services inflation are improving.