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

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

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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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Hopes Build for Further Fuel Price Cut

SOUTH AFRICA
  • BusinessTech cite a note from Investec as forecasting another drop in fuel prices for September as well as a tapering of food price inflation, meaning inflation could come in slightly lower than previously expected through the rest of 2022. The piece cites Central Energy Fund data as showing a stronger ZAR and lower wholesale costs should put petrol prices lower by R2.72/litre and diesel prices lower by R2.48/litre.
  • Widespread water outages will persist for 53 hours across a number of territories, most notably Johannesburg and Tshwane as technicians work on a tie-in for a new water pipeline. The shutdown is due to persist from late Thursday evening into Sunday night. The outages exacerbate issues elsewhere, most notably in the Eastern Cape as strikes leave some residents without water for more than a week. ENCA writes that the strikes are causing municipal infrastructure to ‘crumble’.
  • No notable data due for South Africa today, although some focus may be paid to the 2033, 2038 and 2050 linker auction later today.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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