Chinese Industrial Profits (YTD) YoY (Mar) Y/Y 15.5% (Prev. 15.2%)
The year-to-date industrial profits in China increased by 15.5% year-over-year, slightly surpassing the previous figure of 15.2%.
Goldman Sachs raises its Brent forecast to USD 100/bbl this quarter and USD 90/bbl in Q4, due to prolonged disruption in the Strait of Hormuz and extreme inventory draws
China's Commerce Ministry is to hold a press conference on Thursday 30th at 08:00BST/03:00EDT to brief on recent key trade and commerce developments
Chinese Industrial Profits (YTD) YoY (Mar) Y/Y 15.5% (Prev. 15.2%)
A group of budget airlines have requested USD 2.5bln in federal assistance in exchange for convertible warrants, WSJ reports citing sources
PBoC injects CNY 218.5bln via 7-day reverse repos with the rate maintained at 1.40%
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This modest uptick suggests a continuation of robust industrial performance, which could bolster confidence in China's economic stability and potentially influence commodity demand. A stronger industrial profit metric may also have implications for domestic consumption and broader investor sentiment.
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