The People's Bank of China (PBOC) announced today that it conducted 500 million yuan of 7-day reverse repurchase operations, with a bid amount of 500 million yuan and a winning bid amount of 500 million yuan. The operation rate was 1.40%, unchanged f

[Key Events and Data Preview for This Week: China's Trade Balance and Q1 GDP; A flurry of speeches by Fed officials on Wednesday] Monday: ①Data: US March Existing Home Sales (Annualized); China March M2 Money Supply (Annualized). ②Events: OPEC releases its monthly oil market report; the International Monetary Fund (IMF) and the World Bank hold their Spring Meetings until April 17; Bank of Japan Governor Kazuo Ueda visits the US from April 13 to 18 to attend the G20 and IMF meetings. Tuesday: ①Data: US March NFIB Small Business Confidence Index; US March PPI (Year-on-Year); US March PPI (Month-on-Month); China's March Trade Balance (in USD); China's March Trade Balance. ②Events: The Federal Reserve Board hosts "Strengthening the US Economy through Rural Investment: A Working Forum"; the IEA releases its monthly oil market report; the IMF releases its World Economic Outlook report. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending April 10; French March CPI final reading; Eurozone February industrial production month-on-month; Canadian February wholesale sales month-on-month; US April New York Fed Manufacturing Index, US March Import Price Index month-on-month, US April NAHB Housing Market Index. ② Events: The National Energy Administration releases total electricity consumption data around the 15th of each month; Bank of England Governor Bailey participates in a panel discussion at Columbia University; 2027 FOMC voting member and Chicago Fed President Goolsby participates in a panel discussion ahead of the Semafor 2026 World Economic Conference; Fed Governor Barr delivers opening remarks at a working forum hosted by the Fed Board of Governors; Philadelphia Fed President Paulson, Richmond Fed President Barkin, Boston Fed President Collins, and Fed Governor Barr participate in a fireside chat at the Fed Board of Governors' working forum; European Central Bank President Lagarde delivers a speech. Thursday: Data: Australia's March seasonally adjusted unemployment rate; China's Q1 GDP year-on-year growth rate, China's March retail sales year-on-year growth rate, China's March industrial output year-on-year growth rate; UK's February three-month GDP month-on-month growth rate, UK's February manufacturing output month-on-month growth rate, UK's February seasonally adjusted goods trade balance, UK's February industrial production month-on-month growth rate; Eurozone's March final CPI year-on-year growth rate, Eurozone's March final CPI month-on-month growth rate; US initial jobless claims for the week ending April 11, US April Philadelphia Fed Manufacturing Index, US March industrial production month-on-month growth rate, US EIA natural gas storage for the week ending April 10. ② Events: Federal Reserve Governor Bowman speaks at the Institute of International Finance Forum; the Federal Reserve releases its Beige Book on economic conditions; Bank of England Governor Bailey speaks on global economic imbalances on the sidelines of the IMF meeting; the National Bureau of Statistics releases its monthly report on residential sales prices in 70 large and medium-sized cities; the State Council Information Office holds a press conference on the operation of the national economy; FOMC permanent voting member and New York Fed President Williams speaks; the G20 finance ministers and central bank governors meeting is held. ③ Earnings Report: TSMC. Friday: ① Data: Eurozone February seasonally adjusted current account, Eurozone February seasonally adjusted trade balance. Saturday: ① Data: Total number of US oil rigs for the week ending April 17. ② Event: 2027 FOMC voting member and Richmond Fed President Barkin speaks.

WTI crude oil surged 10.00% intraday, currently trading at $105.33 per barrel.