MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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 Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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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Quicktake: Wrightson on NFP, Covid Drag At the Margin

DATA REACT
Wrightson economists on the greater than expected deceleration in August job gains posit that covid variant contributed to the lower jobs gain -- it was a marginal factor.
  • the slowdown more likely due to the "resumption of in-person school attendance along with the expiration of emergency unemployment benefits will boost labor supply in the months ahead, resulting in larger payroll gains in future months."
  • Wrightson expects the "FOMC to provide much more color on its tapering plans this month, but the outlook will probably still be conditional on further progress."
  • Additionally, "it is very likely that the September employment data on October 8 will reach the 50% reversal test."
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