MNI China Daily Summary: Friday, February 28

MNI: EU Seeks To Avoid Stigma From Fiscal Opt Outs For Defence

MNI BRIEF: Consumer Inflation Outlook Slows - ECB Survey

MNI BRIEF: Xi Calls For Greater Consumption To Boost Demand

MNI BRIEF: China To Fight Against Extra U.S. Tariffs: MOFCOM

MNI BRIEF:China's Politburo Eyes More Proactive Macro Policies

MNI: GERMANY NRW FEB CPI +0.4% M/M, +1.9% Y/Y

MNI: BADEN WUERT FEB CPI +0.5% M/M, +2.5% Y/Y

MNI: BAVARIA FEB CPI +0.4% M/M, +2.4% Y/Y

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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Weaker Than Forecast US CPI Weighs On USD/MYR

MYR

Weaker than forecast US CPI which crossed after yesterdays close is weighing on USD/MYR in early trade.

  • The pair last prints at 4.6140/80 and is down ~0.8% thus far, we currently sit ~1.7% below year to date highs seen in late June.
  • Bears have cleared the 20-Day EMA and now target 4.5975 the low from 16 June. Bulls first look to break back above the 20-Day EMA (4.6446).
  • On the wires yesterday May Industrial Production printed at 4.7% Y/Y, a print of 0.0% had been expected. Manufacturing Sales Value rose 3.3% Y/Y in the month.
  • Looking ahead the data local calendar is empty until June Trade Balance which crosses next Thursday.
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