MNI China Daily Summary: Monday, March 3

MNI BRIEF: No Surprises For ECB As Inflation Slows In February

MNI: UK FINAL FEB MANUF PMI 46.9 (FLASH: 46.4); JAN 48.3

MNI: China CFETS Yuan Index Up 0.27% In Week of Feb 28

MNI: PBOC Net Drains CNY195.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1745 Mon; -1.16% Y/Y

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

MNI: UK BOE JAN MORTGAGE APPROVALS 66,189

MNI: UK JAN M4 MONEY SUPPLY +1.3% M/M, +4.1% Y/Y

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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LNG: Second LNG Tanker Traversing Red Sea This Month

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Second LNG tanker traversing Red Sea this month in a sign of easing tensions, Bloomberg reports. 

  • The “Trader III” LNG vessel is travelling south through the Red Sea after going through the Suez Canal.
  • This could mark the second LNG vessel this month to traverse the Bab el-Mandeb Strait, following the “Salalah LNG” vessel’s voyage earlier in February.
  • Prior to this, LNG vessels had essentially halted all transport via this route since Jan. 2024, and it had been months since the last LNG vessel travelled through the Red Sea.
  • The Iran-backed Houthis promised to stop attacking s hips in the Red Sea, except those flagged in Israel, following the Israel-Hamas ceasefire deal on Jan. 19. 
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Second LNG tanker traversing Red Sea this month in a sign of easing tensions, Bloomberg reports. 

  • The “Trader III” LNG vessel is travelling south through the Red Sea after going through the Suez Canal.
  • This could mark the second LNG vessel this month to traverse the Bab el-Mandeb Strait, following the “Salalah LNG” vessel’s voyage earlier in February.
  • Prior to this, LNG vessels had essentially halted all transport via this route since Jan. 2024, and it had been months since the last LNG vessel travelled through the Red Sea.
  • The Iran-backed Houthis promised to stop attacking s hips in the Red Sea, except those flagged in Israel, following the Israel-Hamas ceasefire deal on Jan. 19.