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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Core Inflation Seen Ticking Higher Across September

SOUTH AFRICA
  • September inflation data crosses later today, with markets expecting CPI to have risen 7.6% on the year, inline with the August release. Core CPI is seen ticking higher, hitting 4.7% from 4.4% previously. Retail sales release for August crosses later in the day, at 1pm local time (1200BST).
  • With Transnet striking a wage deal with a number of unions, the CEO told EWN yesterday that 70-80% of workers were back at their positions as of Tuesday, however the significant build-up of backlogs across ports and rail terminals could take 6 – 9 weeks to clear. The Satawu union remains in talks with management, having turned down the pay offer accepted by other unions.
  • EWN cite comments from the finance committee chair Maswanganyi, who has appealed against negative statements about the potential of the country being greylisted. He added that there would be dire consequences for attracting investment and for the banking sector, if South Africa was greylisted by the FATF. The Treasury is currently racing against the clock to meet regulations of the FATF ahead of a potential ruling.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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