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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France Manufacturing Sentiment Ticks Up To Highest Since Mar 2023

FRANCE DATA
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France Manufacturing Sentiment increased more than expected to 102.3 (vs 100 consensus, 100.6 revised prior).

  • Although it remains above the long term average of 100 (since the series began in 1976) and is at the highest level since March 2023, it remains slightly below the pre covid (2014-19) average of 103.7, and more significantly below the high of January 2022 of 112.3.
  • Of particular note from the sub-components 'The balance of opinion on personal production prospects over the next three months' rebounded to 9.8 from 4.5 in February, the highest since September 2023, and a month-on-month rise of 5.3 points.

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France Manufacturing Sentiment increased more than expected to 102.3 (vs 100 consensus, 100.6 revised prior).

  • Although it remains above the long term average of 100 (since the series began in 1976) and is at the highest level since March 2023, it remains slightly below the pre covid (2014-19) average of 103.7, and more significantly below the high of January 2022 of 112.3.
  • Of particular note from the sub-components 'The balance of opinion on personal production prospects over the next three months' rebounded to 9.8 from 4.5 in February, the highest since September 2023, and a month-on-month rise of 5.3 points.