MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI China Daily Summary: Wednesday, April 3

MNI BRIEF: Japan Q4 Output Gap Posts Positive Figure - BOJ

MNI: PBOC Drains Net CNY248 Bln Via OMO Weds; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0949 Weds; -4.77% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Services HICP At 4.0% Y/Y For 5th Consecutive Month

MNI: EUROZONE FEB UNEMPLOYMENT RATE 6.5%

MNI: EUROZONE MAR FLASH HICP +2.4% Y/Y

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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Nursing Losses

EQUITIES

A broadly negative day for equity markets in the Asia-Pac region, most major markets nursing losses but off worst levels. The Taiex was earlier down around 2% but has recovered most of the downside, it was announced that the soft lockdown would be extended to June 28. Some underperformance for HK/mainland Chinese equities, there were weekend reports surrounding continued IPO headwinds in Hong Kong in the wake of the "Chinese tech crackdown," while Sino-U.S. tensions and deeper COVID restrictions for China's Guangzhou also garnered some attention. In the US futures are lower as markets assess the most recent comments from US Tsy Sec Yellen and Friday's NFP report, while looking ahead to inflation data later this week.

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