MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PM Castex Resigns, BFMTV Reports Labour Min. Borne To Be Successor

FRANCE

French Prime Minister Jean Castex has tendered his resignation to President Emmanuel Macron, who has accepted the resignation and is set to appoint Castex's successor later this evening.

  • Castex's resignation was largely expected, with a new PM set to lead the Macron-supporting 'Ensemble!' alliance into the 12/19 June parliamentary elections. Castex stated before the April presidential election that his gov't would resign if Macron won the election to allow a reshuffle that could provide 'fresh impetus' to the governing La Republique En Marche.
  • BFMTV reports that Minister of Labour, Employment and Integration Elisabeth Borne has been named as Castex's successor. If true, Borne would become France's first female PM.
  • Borne was a long-time member of the centre-left Socialist Party (PS), having served as private secretary to then Minister of Ecology, Sustainable Development and Energy and 2007 PS presidential nominee Segolene Royal.
  • Borne's appointment would mark a shift in leadership of the gov't. The two previous PMs (Castex and Edouard Philippe) both hailed from the centre-right Les Republicains before joining Macron's camp. Appointment of Borne could be an attempt to win centrist and centre-left voters considering voting for the leftist NUPES alliance (which includes the Socialists) in the parliamentary election.
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.