MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

US Treasury Auction Calendar

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

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

China Should Actively Respond To Red Sea Disruption

CHINA PRESS
MNI (Singapore)

Authorities should prepare for stress testing and risk investigation following a sharp increase in freight rates as more shipping firms pause Red Sea journeys over attacks, said Yicai.com in an editorial. If the Far East-Northwest Europe and Far East-Mediterranean routes are forced to detour around the Cape of Good Hope, the shipping distance will increase by 29.1% and 80%, with the sailing time lengthened by 10 and 19 days. ASEAN, the Middle East, Africa, and Europe account for an increasing share of China's exports, alongside a rising proportion of trade financing in yuan. Higher freight will inevitably magnify the risk of RMB trade financing. This has also pushed up international crude oil and natural gas prices, which could lead to a rebound in U.S. and Europe inflation and delay expected rate cuts.

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.