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GILT SUMMARY

Sunak's Budget Faces Mounting Criticism

GLOBAL POLITICAL RISK

WHO Scraps Interim COVID Origin Rpt As Tensions Spike-WSJ

CORN TECHS

(K1) Remains Below The Feb Highs

SOY TECHS

(K1) Bullish Conditions Intact

US DATA

Q4 Final Productivity -4.2%; Unit Labor +6%

Items                        Dec   Nov   Oct   Sep   Aug   Jul   Jun   May
--------------------------------------------------------------------------
Mfg PMI                     51.6  51.8  51.6  52.4  51.7  51.4  51.7  51.2
Production                  54.0  54.3  53.4  54.7  54.1  53.5  54.4  53.4
New Orders                  53.4  53.6  52.9  54.8  53.1  52.8  53.1  52.3
New Export Orders           51.9  50.8  50.1  51.3  50.4  50.9  52.0  50.7
Finished Goods Inventories  45.8  46.1  46.1  44.2  45.5  46.1  46.3  46.6
Imports                     51.2  51.0  50.3  51.1  51.4  51.1  51.2  50.0
Input Prices                62.2  59.8  63.4  68.4  65.3  57.9  50.4  49.5
Raw Materials Inventories   48.0  48.4  48.6  48.9  48.3  48.5  48.6  48.5
Employment                  48.5  48.8  49.0  49.0  49.1  49.2  49.0  49.4
Supplier Delivery Times     49.3  49.5  48.7  49.3  49.3  50.1  49.9  50.2
Business Expectations       58.7  57.9  57.0  59.4  59.5  59.1  58.7  56.8
     Source: China Federation of Logistics and Purchasing(CFLP)
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
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