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MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI: US MBA: MARKET COMPOSITE -2.2% SA THRU JUL 19 WK

US MBA: REFIS +0.3% SA; PURCH INDEX -4% SA THRU JULY 19 WK

Market round-up post PMIs

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Summary – April 26

LATAM
BulletEM BulletEmerging Market NewsHomepage
  • In Latam, Brazil IPCA-15 inflation data takes the focus on Friday, while Mexican unemployment and trade data for March will also cross. In Argentina, February wages data will be published. Elsewhere, the US PCE core deflator crosses this afternoon, alongside personal income and spending figures. University of Michigan consumer sentiment and inflation expectations round off the week’s data calendar.
  • Global News:
    • JAPAN (MNI) – The BoJ decided to keep its policy interest rate at about zero percent to 0.1% on Friday, as expected. “Regarding purchases of Japanese government bonds, CP and corporate bonds, the BOJ will conduct the purchases in accordance with the decisions made at the March policy meeting,” the BOJ board said. This means the BOJ will continue its JGB purchases with broadly the same amount as before, which is currently about JPY6 trillion a month.
    • JAPAN (MNI) – BoJ Governor Ueda said on Friday the yen's recent weakness has not affected underlying inflation, which the Bank continued to watch closely. “The BOJ isn’t targeting foreign exchange rates but we are closely watching developments of forex rates and their impact on economic activity and prices,” Ueda told reporters. Should the underlying trend change as a result of the weak yen, the BOJ will change monetary policy, he added without elaborating on timing.
    • US / CHINA (MNI) – Chinese state media carrying comments from President Xi Jinping at his meeting in Beijing with US Secretary of State Antony Blinken. Xi said that "the two countries should be partners rather than rivals", adding that "both countries should seek common ground while reserving differences instead of vicious competition.”
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  • In Latam, Brazil IPCA-15 inflation data takes the focus on Friday, while Mexican unemployment and trade data for March will also cross. In Argentina, February wages data will be published. Elsewhere, the US PCE core deflator crosses this afternoon, alongside personal income and spending figures. University of Michigan consumer sentiment and inflation expectations round off the week’s data calendar.
  • Global News:
    • JAPAN (MNI) – The BoJ decided to keep its policy interest rate at about zero percent to 0.1% on Friday, as expected. “Regarding purchases of Japanese government bonds, CP and corporate bonds, the BOJ will conduct the purchases in accordance with the decisions made at the March policy meeting,” the BOJ board said. This means the BOJ will continue its JGB purchases with broadly the same amount as before, which is currently about JPY6 trillion a month.
    • JAPAN (MNI) – BoJ Governor Ueda said on Friday the yen's recent weakness has not affected underlying inflation, which the Bank continued to watch closely. “The BOJ isn’t targeting foreign exchange rates but we are closely watching developments of forex rates and their impact on economic activity and prices,” Ueda told reporters. Should the underlying trend change as a result of the weak yen, the BOJ will change monetary policy, he added without elaborating on timing.
    • US / CHINA (MNI) – Chinese state media carrying comments from President Xi Jinping at his meeting in Beijing with US Secretary of State Antony Blinken. Xi said that "the two countries should be partners rather than rivals", adding that "both countries should seek common ground while reserving differences instead of vicious competition.”