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: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

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

MNI: US MAR PERSONAL INCOME +0.5%; NOM PCE +0.8%

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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Econ Min: Russian-Dependent Energy Model Has Failed & Not Coming Back

GERMANY

German Economy Minister and Vice-Chancellor Robert Habeck is delivering comments following the announcement of a new gas levy on German households.

  • Habeck: "Germany's Russia-dependent energy model has failed and is not coming back".
  • Habeck: "An alternative to a levy would have been the collapse of the German energy system...These measures make us less vulnerable to blackmail".
  • Habeck: "[We] have to swallow bitter medicine to make the shift to a new energy model....the gas levy will secure supply".
  • Habeck: "We require targeted relief to help peopple with the gas levy".
  • Initial estimates have the increase in energy costs coming in at EUR480/year for an average 4-person household.
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