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#Bloomberg Intelligence
Markets
Yuan basket hits 2022 high as Asia haven flows build
Yuan basket strength is turning into an Asia haven trade as Iran-war risk reshapes flows and PBOC fixings signal comfort.
By Helena Brandt
Markets
China’s national team cuts ETF stakes and tests the bid
China national team ETF stakes are being cut as Beijing pares visible market support and tests whether private and foreign flows can hold up.
By Sloane Carrington
Commodities
Oil stockpiles draw down at record 8.7M barrels a day: Goldman Sachs
Oil stockpiles are drawing down at a record 8.7 million barrels a day, Goldman Sachs said, as the Iran war keeps Strait of Hormuz flows at 5% of normal.
By Reza Najjar
