MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

NBH Data Watch

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 Retreat From 2018 High

OIL

Oil slipped in Asia-Pac trade on Tuesday after posting declines on Monday as markets push pause on the recent rally; WTI is down $0.58 from settlement levels at $68.65 while Brent is down $0.62 at $70.87. There were some positive comments from OPEC SecGen Barkindo yesterday, he said the group expected to see further inventory drawdowns in the months ahead and noted that vaccine rollouts and the "massive fiscal stimulus" aided an upbeat outlook, but that uneven global vaccine availability, high inflation and continued COVID-19 outbreaks were continued risks to oil demand. Markets will watch for any progress in talks with Iran, discussions are said to be at a decisive point, as well as US API stockpile data.

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