• Saturday, October 1, 2016 - 06:56 China Says to Deepen Financial Reform as Yuan Joins SDR Basket 0

    --PBOC: yuan entry in IMF's SDR an acknowledgement of China reforms

    BEIJING (MNI) - China's central bank said the country will use the yuan's official entry into the International Monetary Fund's basket of reserve currencies to deepen financial reforms and expand the opening up of its financial sector.

    In a statement issued on Saturday, the official date of the yuan's inclusion in the Special Drawing Rights basket, the People's Bank of China said the event marked a milestone in the yuan's internationalization and an acknowledgement of the progress China has made in its economic development, reform and opening up.

  • Friday, September 30, 2016 - 16:02 DATA PREVIEW: US Sept ISMs Could See Modest Improvement 0

    --Analysts Eye Rebound in Mfg to 49.8 After Aug Contracted for First Time Since


    --Non-Mfg Expected to Climb Back to 53.0 After Plunge to Eight-Year Low

    WASHINGTON (MNI) - Skittish investors hope to be reassured by the modest rebounds expected in the pair of Institute of Supply Management surveys next week after both the manufacturing and non-manufacturing measures fell sharply and unexpectedly in August.

    Analysts surveyed by MNI are expecting the manufacturing Purchase Managers Index to rise to 49.8 and non-manufacturing to hit 53.0 in September.

  • Friday, September 30, 2016 - 14:56 US Congress Week: FY17 Spending Work Moves Off Center Stage 0

    --As Lawmakers Campaign, Hill Staff Crunches Numbers, Seeks Solutions
    --Congress Returns To Session in Mid-November, Resumes Spending Focus
    --Republican Leaders Seek To Avoid Broad Spending Talks With White House

    WASHINGTON (MNI) - With U.S.

  • Friday, September 30, 2016 - 12:00 US 2016 Corn Stocks +0.4% Y/Y To 1.738 Bln As Of September 1 0

    --All Wheat +20.5% Y/Y, Soybeans +3.4% Y/Y Compared With Sept 1, 2015

    WASHINGTON (MNI) - Corn stocks totaled 1.738 billion bushels as of September 1, up 0.4% from September 1, 2015, but a deceleration from the 5.8% year/year increase reported as of June 1 due to increased summer usage compared with 2015, the U.S Department of Agriculture reported Friday.

    There were 627 million bushels of corn reported on stock at farms on September 1, slightly ahead of the 593 million total at the same time last year. There were 1.110 billion bushels stored outside of farms at mills, elevators, warehouses, terminals and processors, the USDA said in its quarterly...

  • Friday, September 30, 2016 - 09:35 China PBOC Reiterates Prudent Monetary Policy, Stable Yuan 0

    --PBOC more upbeat about outlook for emerging economies

    BEIJING (MNI) - The People's Bank of China reiterated that it will continue to follow a prudent monetary policy and keep the yuan stable at a reasonable and balanced level.

    In a statement released on Friday after its third-quarter Monetary Policy Committee meeting, the PBOC said that monetary policy will be eased and tightened "appropriately", and that the central bank will use various monetary policy tools to maintain appropriate liquidity and reasonable growth in money supply, credit and total social financing.

    The PBOC reiterated it will boost direct financing and lower funding costs for the economy.

    The Monetary Policy...

  • Friday, September 30, 2016 - 08:41 Canada August Industrial Prices -0.5% M/M On Widespread Declines 0

    --IPPI Ex Energy and Petroleum -0.3% M/M, -0.1% Y/Y
    --RMPI -0.7% M/M, +0.6% Y/Y, First 12-Month Gain Since July 2014

    OTTAWA (MNI) - Canadian industrial product prices were down 0.5% in August after rising 0.2% in July, Statistics Canada reported Friday.

    Despite the monthly decrease, the year-over-year pace of decline was steady at -1.3%.

    Declines were widespread on the month, with 11 of 21 major commodity groups posting lower prices, led by a 2.3% drop in meat, fish and dairy products, the largest such decrease since October 2007.

    Energy and petroleum also weighed on the monthly readings, with...