MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Germany Not Standing in Way of Gas Cap: Habeck

NATURAL GAS

Germany is not standing in the way of the EU agreeing to a gas cap Economy Minister Robert Habeck told the Handelsblatt daily today.

  • Germany have been one of the key nations opposed to a European gas cap, stating that it could result in the EU not being able to attract LNG cargoes to the region.
  • "We're not blocking anything," Habeck said, "But I am sceptical when it comes to a fixed price cap in the market, because it would be either too high or too low," he said.
  • Member states had already agreed on "a flexible, dynamic and clever cap in times of excessive profits" he added.
  • The proposed cap of 275 euros per megawatt hour for month-ahead derivatives has been called out as too high by many EU nations, with a number of ministers claiming it would serve little purpose.
Energy BulletsCommodities
Energy BulletsCommodities

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