MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

MNI: US JOBLESS CLAIMS -2K TO 220K IN MAR 08 WK

MNI: CANADIAN JAN BUILDING PERMITS -3.2% MOM

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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CHINA: Country Wrap: Passenger Car Output Steady in January. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • A release from the Ministry of Industry shows that the copper industry will be charged with tighter requirements going forward for the building of new copper smelters (source:  BBG).
  • Production of passenger cars in China showed steady growth in January, driven by new energy vehicles according to data released by an industry association. (source: XINHAU)
  • Whilst the Hang Seng was very strong today up +1.5%, most onshore bourses did not share the enthusiasm with the CSI 300 down -0.10%, Shanghai Comp down -0.04 whereas Shenzhen was up +0.31%.
  • CNY: Yuan Reference Rate at 7.1710 Per USD; Estimate 7.3010
  • Bonds: a slow day for the bond market with the CGB 10YR unchanged at 1.62%
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  • A release from the Ministry of Industry shows that the copper industry will be charged with tighter requirements going forward for the building of new copper smelters (source:  BBG).
  • Production of passenger cars in China showed steady growth in January, driven by new energy vehicles according to data released by an industry association. (source: XINHAU)
  • Whilst the Hang Seng was very strong today up +1.5%, most onshore bourses did not share the enthusiasm with the CSI 300 down -0.10%, Shanghai Comp down -0.04 whereas Shenzhen was up +0.31%.
  • CNY: Yuan Reference Rate at 7.1710 Per USD; Estimate 7.3010
  • Bonds: a slow day for the bond market with the CGB 10YR unchanged at 1.62%