1. Important macro news and events:
The Russian Foreign Ministry issued a statement saying that in response to the sanctions imposed by the US government on 328 representatives of the State Duma of the Russian Federal Parliament on March 24 this year, Russia decided to impose "mirror" sanctions on 398 members of the US House of Representatives. The Russian Foreign Ministry stressed that in view of the continuous sanctions launched by the United States, Russia plans to further announce Countermeasures in the near future, including expanding the number of individuals on the "prohibition list" and other retaliatory measures.
Us producer price PPI rose 11.2% year-on-year in March, the highest since 2010; Up 1.4% month on month, the highest since August 2012. This highlights the persistence of early inflationary pressures, which may be transmitted to consumers.
Federal Reserve governor Waller: tend to raise interest rates by 50 basis points in May, and inflation is expected to peak. St. Louis Fed chairman Brad said that the idea that a moderate increase in interest rates will curb CPI is "fantasy". He called for raising interest rates above the neutral range, that is, raising interest rates to a level that can curb economic growth. The Fed believes that the interest rate should be raised substantially from the current benchmark range of 300 basis points in the first five months of the Fed's meeting.
The Bank of Canada announced an interest rate increase of 50 basis points to 1%, in line with market expectations; It will stop buying government bonds on April 25 to start reducing its balance sheet. The Reserve Bank of New Zealand unexpectedly raised interest rates by 50 basis points to 1.5%, after the market expected to raise interest rates by 25 basis points. The Committee recognizes the need to further raise the official cash rate (OCR) to meet its mandate. The Reserve Bank of New Zealand also said it would continue to tighten the monetary environment.
The EU warned member states that Russian President Vladimir Putin's request for "unfriendly countries" to settle natural gas procurement funds in rubles would violate the current EU sanctions against Russia. Us natural gas futures rose 6% during the day, breaking $7 / million British fever for the first time since January.
According to China Central Television, Li Keqiang presided over the executive meeting of the State Council, which pointed out that policies and measures to promote consumption should be deployed to help stabilize the economic fundamentals and ensure the improvement of people's livelihood; Timely use monetary policy tools such as RRR reduction to further strengthen financial support for the real economy, especially industries seriously affected by the epidemic, small, medium-sized and micro enterprises and individual industrial and commercial households, reasonably transfer profits to the real economy and reduce comprehensive financing costs.
According to the data released by the General Administration of customs, in the first quarter of this year, the total import and export value of China's goods trade was 9.42 trillion yuan, a year-on-year increase of 10.7%. Among them, the export was 5.23 trillion yuan, an increase of 13.4%; Imports reached 4.19 trillion yuan, an increase of 7.5%.
