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 BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

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

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

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

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

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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EZ Retail Trade broadly in-line with expectations

EUROZONE DATA

On a monthly basis, Eurozone volume of retail trade was down -0.3% M/M in November (vs -0.3% M/M consensus, +0.4% M/M revised prior from +0.1% M/M). The upward revision to the October data saw the Y/Y print come in a slightly higher than consensus at -1.1% Y/Y (vs -1.5% Y/Y consensus, -0.8% Y/Y revised prior from -1.2% Y/Y).

  • All subcomponents except fuel saw a fall in volume of retail trade M/M with "Non-food products (except automotive fuel)' partially reversing October's gain (-0.4% M/M vs +1.0% M/M prior), as well as reductions in "Food, drinks tobacco".
  • Of the major eurozone members: Germany saw the biggest M/M decline (-2.5%) while France (+0.4%), the Netherlands (+0.1%) and Spain (+1.5%%) all saw monthly increases.
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