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China: Focus on activity data – TDS

According to analysts at TD Securities, there’s been more noise than usual in the Chinese data on account of the timing of Chinese new year, but their model suggests that activity may be settling down.

Key Quotes

“We look for near-flat import growth at +0.2% y/y and an export growth rebound of +3.0% y/y, generating a deficit of -$US800m. Along with the pickup in global PMIs of late, global trade might have finally turned a corner though the fact that both China export and import PMIs remain in contraction territory suggest any trade recovery will be slow.”

GBP futures: extra losses likely short-term

CME Group’s flash data for GBP futures markets noted open interest rose by around 2.7K contracts on Thursday. In the same line, volume increased by al
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FX option expiries for Apr 12 NY cut

FX option expiries for Apr 12 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1200 1.4bn 1.1250 1.0bn - USD/CAD:
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