MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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 Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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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European Talks on Russian Price Cap Resume

OIL

EU ambassadors are meeting this morning for further discussions on sanctions against Russia – the biggest of which surrounds a Russian oil price cap on seaborne exports.

  • The measure has been agreed in principle by G7 nations but delivering the package is proving far more difficult - in a similar fashion to talks on import bans earlier in the year, which mainly because of Hungary, left the EU divided.
  • Hungary - the most vocal critic of Russian sanctions - remains opposed to a Russian oil price cap, along with Cyprus, Greece and Malta who have tanker fleets to consider under sanction measures.
  • EU ambassadors will also further talks this week around protecting energy assets after last weeks attack on Nord stream infrastructure spooked the market that similar action could happen to pipelines still in use such.
Energy BulletsCommodities
Energy BulletsCommodities

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