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

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Home Sales Rise Again From Pent-Up Demand

CANADA DATA
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  • Canadian Real Estate Association says Jan sales +3.7% MOM after +7.9% in Dec.
  • Number of transactions +22% YOY, the largest gain since May 2021, mainly from base effect.
  • Activity is on par with stronger spring months of 2023 but 9% below the 10-year average.
  • New listings +1.5% MOM, after -5.1% in Dec.
  • Average resale price +7.6% YOY; price index +0.4% YOY.
  • “The market has been showing some early signs of life over the last couple of months, probably no surprise given how much pent-up demand is out there,” said Larry Cerqua, Chair of CREA.
  • Concerns over a housing market resurgence similar to what happened last spring have grown.
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  • Canadian Real Estate Association says Jan sales +3.7% MOM after +7.9% in Dec.
  • Number of transactions +22% YOY, the largest gain since May 2021, mainly from base effect.
  • Activity is on par with stronger spring months of 2023 but 9% below the 10-year average.
  • New listings +1.5% MOM, after -5.1% in Dec.
  • Average resale price +7.6% YOY; price index +0.4% YOY.
  • “The market has been showing some early signs of life over the last couple of months, probably no surprise given how much pent-up demand is out there,” said Larry Cerqua, Chair of CREA.
  • Concerns over a housing market resurgence similar to what happened last spring have grown.