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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MNI GLOBAL WEEK AHEAD - EZ Flash HICP and US NFP Highlight

The week ahead is highlighted by Eurozone March flash inflation and US labour market data.

MONDAY / WEDNESDAY - US ISM Surveys

Early consensus for the coming week's US March ISM Manufacturing (Monday April 1) and Services (Weds April 3) reports point to a slight uptick in activity in both sectors versus February (48.4 for manufacturing, up 0.6 points; 52.8 for services, up 0.2 points). This would continue the theme of mixed results at the start of the year, with below-consensus readings in February following strong beats in January. Regional Federal Reserve Banks' surveys released already have shown unexpectedly weak manufacturing in March, and while the MNI Chicago Business Barometer fell 2.6 points in March to 41.4, the pullback wasn't as dramatic when using the national ISM weights. As for Services, ISM chair Anthony Nieves told MNI in an interview following February's data that in spite of the weaker Services figures, the new orders component warrants optimism about continued moderate growth in the sector, but he acknowledged that activity has been volatile in recent months.

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MONDAY / WEDNESDAY - US ISM Surveys

Early consensus for the coming week's US March ISM Manufacturing (Monday April 1) and Services (Weds April 3) reports point to a slight uptick in activity in both sectors versus February (48.4 for manufacturing, up 0.6 points; 52.8 for services, up 0.2 points). This would continue the theme of mixed results at the start of the year, with below-consensus readings in February following strong beats in January. Regional Federal Reserve Banks' surveys released already have shown unexpectedly weak manufacturing in March, and while the MNI Chicago Business Barometer fell 2.6 points in March to 41.4, the pullback wasn't as dramatic when using the national ISM weights. As for Services, ISM chair Anthony Nieves told MNI in an interview following February's data that in spite of the weaker Services figures, the new orders component warrants optimism about continued moderate growth in the sector, but he acknowledged that activity has been volatile in recent months.

Keep reading...Show less