MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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US, G7 Reaffirm Commitment To Syria Ceasefire

MIDEAST

US Secretary of State Anthony Blinken tweets: "My G7 counterparts and I reaffirmed our commitment to a political resolution for ending the conflict in Syria and support to the reauthorization of the UN cross-border aid mechanism. We'll continue working to advance all aspects of UNSCR 2254 and end the suffering of Syrians."

  • Syria was one of the topics of discussion at the in-person G7 foreign ministers summit from 3-5 May, with a number of bilateral meetings between the foreign ministers also taking place.
  • While the Syrian civil war may have slipped below the radar in the geopolitical risk league table in recent months/years, the conflict continues to draw in regional and global powers in the form of Russia and Turkey, while acting as a breeding ground for Islamist terrorist networks due to the lawless nature of large swathes of the country.
  • Significant US involvement in Syria remains an unlikely prospect though.
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