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MNI: China CFETS Yuan Index Up 0.40% In Week of Jun 14

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CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

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MNI JAPAN APRIL CORE MACHINE ORDERS -2.9% M/M; MAR +2.9%

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MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Deutsche Bank Quicktake on Chicago PMI

US OUTLOOK/OPINION
Due out Thursday, 0945ET: MNI Chicago PMI: 62.0 median est 62.0 vs. 61.8 last month.
Deutsche economists in line with 62.0 est, adding the data point "should remain firmly in expansion territory given continued strong underlying demand for goods."
  • That said, we will pay equally as close attention to order backlogs, supplier deliveries and buying policy metrics that will shed light on the state of supply chain bottlenecks.
  • Though some of these series appear to have peaked over the past few months, omicron could potentially throw another temporary wrench into supply chains.
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