MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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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ZEW (Preview) Oct 2020 - 13/10/20 1000BST

GERMAN DATA
(MNI) LONDON
  • In October, ZEW expectations are expected to ease to 70.0, down from September's reading of 77.4.
  • This would mark the lowest level since July. Sentiment recovered quickly after it plunged in March, however, the renewed increase in Covid-19 cases and subsequent stricter restrictions pose a downside risk to the recovery.
  • The economic situation improved significantly in September, rising by 15.1pt to -66.2 and markets look for an improvement to -60.0.
  • The recently released Sentix index is in line with market forecasts. The headline index edged slightly higher with current conditions improving to the highest level since March, while expectations cooled for the second consecutive month.
  • The Gfk consumer climate indicator saw confidence broadly unchanged heading into October and the report noted that economic and income expectations rose, while the propensity to buy fell.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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