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China's state planner to set up a domestic coal production reserve system

China's state planner to set up a domestic coal production reserve system

  • The system is intended to stabilise prices & supply.
Eamonn Sheridan
Eamonn Sheridan
Friday, 12/04/2024 | 03:47 GMT-0
12/04/2024 | 03:47 GMT-0
News

PBOC sets USD/ CNY reference rate for today at 7.0967 (vs. estimate at 7.2365)

PBOC sets USD/ CNY reference rate for today at 7.0967 (vs. estimate at 7.2365)

  • Another huge discrepancy between the modelled estimate and the setting from the Bank
Eamonn Sheridan
Eamonn Sheridan
Friday, 12/04/2024 | 01:15 GMT-0
12/04/2024 | 01:15 GMT-0
Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2365 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.2365 – Reuters estimate

  • The rate from the Bank will be A LOT lower than this, it was 1600+ pips lower yesterday!
Eamonn Sheridan
Eamonn Sheridan
Friday, 12/04/2024 | 00:18 GMT-0
12/04/2024 | 00:18 GMT-0
News

Morgan Stanley & Goldman Sachs have both lifted their forecasts for China economic growth

Morgan Stanley & Goldman Sachs have both lifted their forecasts for China economic growth

  • 4.8 and 5% respectively
Eamonn Sheridan
Eamonn Sheridan
Thursday, 11/04/2024 | 02:09 GMT-0
11/04/2024 | 02:09 GMT-0
Central Banks

Refresher on the bind the PBoC is in on the weak yuan -don't want to trigger a crash

Refresher on the bind the PBoC is in on the weak yuan -don't want to trigger a crash

Eamonn Sheridan
Eamonn Sheridan
Thursday, 11/04/2024 | 01:55 GMT-0
11/04/2024 | 01:55 GMT-0
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