MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

CHINA PBOC CONDUCTS CNY100 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1270 Thurs; -0.78% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 THURS VS 7.1248

MNI BRIEF: China Yuan Supported By Exports, Short Swing Sees

MNI BRIEF: RRR Trim A Better Option Than Rate Cut Now: BOC

Japan May Retail Sales +3.0% Y/Y

MNI BRIEF: Japan’s H’hold Financial Assets Hit Record High

Offshore & Local Investors Dump Bonds

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Sentiment Buoyed By PBoC RRR Cut

EMERGING MARKETS
  • CHINA: MNI (Beijing) - Easier U.S. monetary policy should give the People’s Bank of China more room to support the economy, Governor Pan Gongsheng told reporters on Wednesday, announcing a 50-basis-point reserve requirement ratio cut effective Feb 5 to unlock CNY1 trillion. The Bank also lowered targeted relending rates for agriculture and small business by 25bp from Friday, moves which together with deposit rate cuts will help lower the benchmark Loan Prime Rate, Pan said, adding that the Bank will ensure liquidity for government debt issuance and enhance tools to prevent one-way forex moves.
  • EUROZONE: The services component of the Eurozone January flash PMI printed at a below-expected 48.4 (vs 49.0 cons, 48.8 prior), as telegraphed by the French and German misses earlier. The manufacturing component above expected at 46.6 (vs 44.7 cons, 44.4 prior), also partly reflecting the German/French beats, and a 9-month high. The composite reading reached a 6-month high at 47.9 (vs 48.0 cons, 47.6 prior).
  • US: Former President Donald Trump won the New Hampshire primary, dealing a blow to his only remaining major rival Nikki Haley and solidifying his status as the Republican party’s likely nominee. The Associated Press called the contest for Trump at 8 p.m. Tuesday. He was leading Haley by about 9.6 percentage points with about 50% of the vote counted. This is the second consecutive time the AP has made a quick call in favour of the Republican frontrunner.
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