MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1305 THURS VS 7.1312

MNI NBP WATCH: Rates Held As 2024 Outlook Remains Hawkish

MNI BRIEF: ADP's Richardson Sees Pockets of Weakness in US Job Market

Australia May Exports +2.8%; Imports +3.9%

MNI:AUSTRALIA MAY TRADE BALANCE A$+5773

US Treasury Auction Calendar

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Summary – April 05

LATAM
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News
  • Focus turns to the March nonfarm payrolls report, at which markets expect 214k jobs added this month, along with a tick lower in the unemployment rate to 3.8%. Average hourly earnings are expected to slow further, with the y/y rate seen at 4.1% vs. 4.3% previously. In LatAm, Brazil February budget balance data will cross, followed by Chile nominal wages for February. Mexico March vehicle production and the latest Banamex economist survey will also be released.
  • US Dollar - the USD Index is more stable after three consecutive sessions of declines, leaving the currency poised for post-jobs report volatility. 103.922 marks the first downside level, the 50-dma, which provided firm support during Thursday trade, so could mark an important level ahead of the weekend.
  • Global News:
    • US / ISRAEL – Israel will allow more aid to enter Gaza and reopen a major border crossing after a warning by President Biden that support for Israel's war effort against Hamas hinges on it doing more to help ease the humanitarian crisis in the strip. The warning, delivered in a Thursday phone call between the two leaders, signalled that Biden is toughening his stance after an Israeli strike that killed seven people delivering food to displaced Palestinians in Gaza.
    • JAPAN (MNI) – BoJ Governor Kazuo Ueda said the board will consider a further increase to its policy interest rate if the probability of achieving the bank’s 2% target increases, the Asahi Shimbun reported on Friday. Ueda in an interview with the newspaper said he expects the probability to increase from summer to autumn when hefty wage hikes in spring wage negotiations reflect prices.
    • US / CHINA – Treasury Secretary Janet Yellen chided China’s government for “unfair” treatment of American and other foreign companies and called on Beijing to return to the pro-market reforms of the past, at the start of her four-day visit to the country.
308 words

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.
  • Focus turns to the March nonfarm payrolls report, at which markets expect 214k jobs added this month, along with a tick lower in the unemployment rate to 3.8%. Average hourly earnings are expected to slow further, with the y/y rate seen at 4.1% vs. 4.3% previously. In LatAm, Brazil February budget balance data will cross, followed by Chile nominal wages for February. Mexico March vehicle production and the latest Banamex economist survey will also be released.
  • US Dollar - the USD Index is more stable after three consecutive sessions of declines, leaving the currency poised for post-jobs report volatility. 103.922 marks the first downside level, the 50-dma, which provided firm support during Thursday trade, so could mark an important level ahead of the weekend.
  • Global News:
    • US / ISRAEL – Israel will allow more aid to enter Gaza and reopen a major border crossing after a warning by President Biden that support for Israel's war effort against Hamas hinges on it doing more to help ease the humanitarian crisis in the strip. The warning, delivered in a Thursday phone call between the two leaders, signalled that Biden is toughening his stance after an Israeli strike that killed seven people delivering food to displaced Palestinians in Gaza.
    • JAPAN (MNI) – BoJ Governor Kazuo Ueda said the board will consider a further increase to its policy interest rate if the probability of achieving the bank’s 2% target increases, the Asahi Shimbun reported on Friday. Ueda in an interview with the newspaper said he expects the probability to increase from summer to autumn when hefty wage hikes in spring wage negotiations reflect prices.
    • US / CHINA – Treasury Secretary Janet Yellen chided China’s government for “unfair” treatment of American and other foreign companies and called on Beijing to return to the pro-market reforms of the past, at the start of her four-day visit to the country.