MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (2/2)

Tax Revenue Tracking Around E10bln Lower than YTD Forecast (1/2)

MNI: US MAR NEW HOME SALES +8.8% TO 0.693M SAAR

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

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

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

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US Gas Rebounding after Big Fall Yesterday

NATGAS

US Natgas rebounding after a 1$/mmbtu (16.5%) drop yesterday. Aug22 up 0.42$/mmbtu to 5.85$/mmbtu.

  • Freeport LNG have delayed the return of the export terminal by a month from September to October. Full operation is still not expected back until the end of the year.
  • LNG exports are approximately 2bcf lower because of the outage. Deliveries to terminals are strong today at 11.5bcf with an increase to Sabine Pass but flows are well below the 12.8bcf seen before the explosion.
  • US production is estimated slightly down today at 94.7bcf and with above normal temperatures driving high demand at 68.3bcf.
  • EIA data yesterday showed higher than expect injections into storage with stocks building 82bcf compared to an expectation of 75bcf.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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