MNI BRIEF: China March M2 Slows More Than Expected

MNI China Daily Summary: Friday, April 12

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: PBOC Injects Net CNY2 Bln Via OMO Fri; Rates Unchanged

MNI: US MAR IMPORT PRICES +0.4%

EZ/UK Bond Supply Calendar: Slovakia Auction, BoE APF on Monday

CHINA END-MAR M2 +8.3% Y/Y VS MEDIAN +8.8%; END-FEB +8.7% Y/Y

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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Holding Losses

OIL

Crude prices are essentially flat in Asia, holding yesterday's declines. WTI is last $0.07 higher at $57.83/bbl, while Brent is $0.06 lower at $60.85/bbl.

  • Markets are digesting reports that a large shipping container has run aground the Suez Canal, blocking off traffic in both directions. Ever Given, a 400m long container ship wedged itself lengthways and caused a build up of around 100 ships. Still, worries over the global recovery amid fresh lockdowns in Europe have tempered any upside for crude. API inventory data yesterday was bearish, headline crude stocks rose 2.93m bbls, though stocks at Cushing, OK fell 2.28m bbls and gasoline stocks fell 3.73m bbls. Markets now look to DoE figures later today.
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