The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. PBoC injects 50bn yuan via 7-day reverse repos today, rate unchanged at…
For the DAX, Sewing’s remarks are unlikely to move the index on their own, since state governments do not set federal economic policy and the index is dominated by global exporters whose…
The People’s Bank of China publishes its daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time the previous evening), and the number has become one of the most closely…
MUFG’s framing underlines that energy is almost the entire story behind rising US headline inflation since the Iran conflict began, keeping crude prices tightly linked to Fed expectations. The core reading is…
For equities, UBS’s view supports semiconductor and hardware names into an earnings season where results, rather than narrative, are expected to drive the AI trade. The near-term test arrives quickly, with ASML…
For European carmakers, a hybrid quota offers some relief from lower-priced Chinese competition at a time when Volkswagen, Stellantis, Mercedes and BMW are under pressure on profits, though the cap’s generous starting…
Wednesday’s report is a direct read on how far the Iran war’s energy shock is feeding into US consumer prices, and a hot energy component would reinforce the link between crude risk…
For oil, the IEA’s focus confirms that the acute shortage sits in refined products rather than crude, which points to continued support for diesel margins even as Gulf crude flows recover. The…
For the Australian dollar and front-end rates, the minutes carry more weight than usual because Bullock’s post-meeting tone was softer than the decision itself. A record that leans toward holding would support…
For oil, the split between recovering volumes and stubbornly high physical prices is the key tension. Restored crude flows argue for lower benchmark prices over time, but the premium in Dated Brent…
For chip stocks, the remarks reinforce that Terrafab is a long-dated threat to incumbent foundries rather than a near-term one, which limits any read-across to TSMC and Samsung while Musk’s companies keep…
For oil product, the immediate volume is modest: around 500,000 tons equals roughly 3.7 million barrels, small against global diesel trade, so the price effect rests more on what follows than on…
