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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

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

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

Crude Edges Back Up on USD Weakness

OIL

Crude finding a little support again driven by a weaker US dollar following the preliminary November US PMI data from S&P Global.

  • The preliminary PMI data was mixed across the board but a beat for services helped drive a surprise but moderate strength in overall activity.
  • The manufacturing PMI fell more than expected at 49.4 (cons 49.9) from 50.0.
  • The services PMI surprisingly increased marginally to 50.8 (cons 50.3) from 50.6.
  • The composite PMI was stronger than expected as it held put at 50.7 (cons 50.4).
  • Brent front month is still trading below the highs of the week of 82.94$/bbl with key focus on future OPEC policy ahead of the delayed meeting on Thursday next week.
    • Brent JAN 24 up 0.4% at 81.71$/bbl
    • WTI JAN 24 down -0.7% at 76.58$/bbl (vs Nov 22 close)
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.