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 China Daily Summary: Tuesday, July 23

MNI: FRANCE JUL FLASH MANUFACTURING PMI 44.1 (FCST 45.9); JUN 45.4

GERMANY AUG GFK CONS CLIMATE -18.4 (-21.0 F'CAST; -21.6 JULY)

INDON Curve Out-Performs As Investors See Rate Hikes Ending

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

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WTI climbs to New Intraday Highs

OIL

WTI has climbed to new intraday highs as it continues to claw back the steep losses on Friday.

  • WTI APR 24 up 1.4% at 77.56$/bbl
  • Continued attacks in the Red Sea by Houthi rebels are adding some support.
  • The US flagged, owned and operated oil/chemical tanker M/V Torm Thor was targeted by the Houthi's on February 24 at 11:45pm (Sannaa time).
  • Earlier disruptions of loadings in Libya have added additional support during the day.
  • US physical crude prices have strengthened in recent weeks, Bloomberg said, as buyers look top US grades to avoid the Red Sea shipping issues.
  • The market continues to wait for inflation data from the US to give a better sense of the demand outlook, which is currently capping upside.
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