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MNI: PBOC To Aim To Drive Inflation Higher- Advisors

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US Launches More Strikes, China Premier On Potential Stimulus

EMERGING MARKETS
  • GLOBAL: The US launched more strikes on Yemen’s Houthis overnight as the Iran-backed militant group continues to roil global shipping markets with attacks around the Red Sea. The American military targeted 14 Houthi missiles just before midnight Yemeni time. They were ready to be launched and presented “an imminent threat to merchant vessels and US Navy ships in the region,” Central Command said. – BBG
  • CHINA: Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in decades. Another batch of troubling data is testing the patience of investors who worry Beijing is behind the curve. Speaking to leaders at the World Economic Forum this week, Li trumpeted his nation’s ability to hit its roughly 5% growth target last year without flooding the economy with “massive stimulus.” - BBG
  • US: Congressional leaders said they were cautiously optimistic about reaching a deal on stricter border security that would unlock funding for Ukraine, following a White House meeting with President Joe Biden. While lawmakers struck a positive tone, there were few signs of concrete progress Wednesday toward breaking a months-long stalemate that has delayed funding for Kyiv, as well as Israel. – BBG
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