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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Crude Futures Extend Session Gains, Strikes Aid Copper Recovery

COMMODITIES
  • Both WTI and Brent crude futures have increased their gains to ~2.5% on the day, having fully retraced Tuesday and Wednesday's sell-off. Yesterday's DoE inventories data continued to underpin the supportive price action.
  • Precious metals were unable to extend on gains made in the first half of the European session. Despite the weaker US dollar, momentum waned and both spot gold and silver suffered as a result, posting small losses on the session of 0.16% and 0.5% respectively.
  • Copper maintained a bullish tone. Continuing wage talks following strikes at Antofagasta's top Chile mine have kept copper futures buoyant, rising just under 3% on the day, close to the best levels of the week.
Energy BulletsCommodities
Energy BulletsCommodities

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