MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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 Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Haddad, BCB’s Campos Neto At G20 Meetings In US Today

BRAZIL
BulletEM BulletEmerging Market NewsHomepage
  • There was some respite for local assets yesterday, aided by the move lower in core yields, with swap rates falling by more than 20bp at the long end of the curve and USDBRL down by 0.8%. Nonetheless, swap rates remain meaningfully higher on the week, while the bullish theme in USDBRL is still intact, with attention on 5.3330 next. Yesterday, BCB President Campos Neto said that the FX market is repricing risk premium, adding that the BCB will only intervene when there is an "episode of liquidity or dysfunction" in the market.
  • Finance Minister Haddad will lead the 2nd G20 ministerial meeting at the IMF headquarters at 1400BST(0900ET). He is expected to speak at a press conference after the meeting and is scheduled to have a bilateral meeting with China’s Finance Minister Lan Fo’an in the afternoon. The BCB's Campos Neto is also in Washington for a series of meetings, including the G20 Finance Ministers and Central Bank Presidents Meeting at 1500BST. Separately, Petrobras CEO Prates will speak at an event held by the Brazilian Institute of Oil and Gas in Rio at 1300BST. On the macro front, no data are due today.
  • In other news, Argentina President Milei has proposed a meeting with President Lula to improve high level relations between the countries. The invite was offered by Argentina Foreign Minister Mondino on a visit to Brazil this week, but it did not specify a date or place for the meeting.
240 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • There was some respite for local assets yesterday, aided by the move lower in core yields, with swap rates falling by more than 20bp at the long end of the curve and USDBRL down by 0.8%. Nonetheless, swap rates remain meaningfully higher on the week, while the bullish theme in USDBRL is still intact, with attention on 5.3330 next. Yesterday, BCB President Campos Neto said that the FX market is repricing risk premium, adding that the BCB will only intervene when there is an "episode of liquidity or dysfunction" in the market.
  • Finance Minister Haddad will lead the 2nd G20 ministerial meeting at the IMF headquarters at 1400BST(0900ET). He is expected to speak at a press conference after the meeting and is scheduled to have a bilateral meeting with China’s Finance Minister Lan Fo’an in the afternoon. The BCB's Campos Neto is also in Washington for a series of meetings, including the G20 Finance Ministers and Central Bank Presidents Meeting at 1500BST. Separately, Petrobras CEO Prates will speak at an event held by the Brazilian Institute of Oil and Gas in Rio at 1300BST. On the macro front, no data are due today.
  • In other news, Argentina President Milei has proposed a meeting with President Lula to improve high level relations between the countries. The invite was offered by Argentina Foreign Minister Mondino on a visit to Brazil this week, but it did not specify a date or place for the meeting.