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: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: US MAR PERSONAL INCOME +0.5%; NOM PCE +0.8%

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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Not much to move the dial in UK activity data

UK DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • There's not really a lot in that UK activity data that will move markets...
  • Consumer-facing services still remain weaker than non-consumer facing services in their rebound post-pandemic (we already knew that).
  • The weakness in IP was driven by "water supply, sewerage, waste management and remediation activities" which fell by 2.2% in January 2024 (that could increase again in February as January was a dry month). The more stable manufacturing component was broadly in line with expectations.
  • Construction possibly benefitted from the better January weather (so could fall back again in February).
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  • There's not really a lot in that UK activity data that will move markets...
  • Consumer-facing services still remain weaker than non-consumer facing services in their rebound post-pandemic (we already knew that).
  • The weakness in IP was driven by "water supply, sewerage, waste management and remediation activities" which fell by 2.2% in January 2024 (that could increase again in February as January was a dry month). The more stable manufacturing component was broadly in line with expectations.
  • Construction possibly benefitted from the better January weather (so could fall back again in February).