MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +41.2B CAD IN APR

MNI: US NY FED EMPIRE STATE MFG INDEX -6.0 JUN

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Amherst Pierpont chief economist...>

US TSYS/RESEARCH
US TSYS/RESEARCH: Amherst Pierpont chief economist Stephen Stanley said for next
week that "financial markets will be focused on two events not on" the economic
calendar. "First, speculation regarding the choice for the next Fed Chair has
reached a fever pitch," he said. "The interviews are done, and various "unnamed"
Administration officials regularly weigh in, presumably to push their agenda as
much as to inform."
- Stanley said that "President Trump has reportedly not made up his mind. His
decision boils down to a choice between not rocking the boat and promoting
Governor Powell or shaking the Fed up and putting in place someone who is
emphatically in agreement with his broad economic agenda (supply-side tax
reform, lighter regulation, etc.) and installing John Taylor (or Kevin Warsh). A
decision is due within the next two weeks."
- The Amherst Pierpont economist also points out for next week that "second, the
ECB meets on Thursday and is widely expected to announce its plans for QE beyond
the end of this year, a reminder that monetary policy normalization is not only
a U.S. story."

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