MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: FRANCE Q2 FLASH GDP +0.3% Q/Q, +1.1% Y/Y

MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Crude Recovers Ground After Earlier Dip

OIL

Crude is trading back up to levels from earlier today after a dip down to a low of 83.77$/bbl. Front month remains within the range seen so far this month with concern for weak global demand offsetting upside supply pressures.

  • Uncertainty remains over the compliance with current production cut targets from Russia and from OPEC starting next month. On the demand side the speed of recovery in China is still unclear and there is uncertainty over global demand with expectations that the US Fed may be getting closer to ending its rate hike cycle.
  • The latest monthly reports from EIA today and OPEC and IEA later in the week will be in focus as the market looks for clues on the future supply demand balance. US CPI data due out tomorrow could impact the future US Fed policy.
    • Brent JUN 23 up 0.9% at 84.95$/bbl
    • WTI MAY 23 up 1.3% at 80.76$/bbl
    • Brent JUN 23-JUL 23 unchanged at 0.39$/bbl
    • Brent JUN 23-DEC 23 unchanged at 3.37$/bbl
    • Brent DEC 23-DEC 24 up 0.02$/bbl at 5.4$/bbl
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.