MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI:US MAY WHOLESALE INV 0.6%; SALES 0.4%

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

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

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

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AMLO Reiterates Possible Savings By Using Reserves To Pay Debt

MEXICO

Further colour on AMLO's comments:

  • The president thanked Banxico Governor Alejandro Diaz de Leon at his press briefing on Thursday for his openness to using the $12 billion windfall from the IMF to pay government debt.
  • Finance Minister Rogelio Ramirez de la O, who suggested debt-repayment, will lead talks to determine how such a payment would be made.
  • AMLO declined to confirm whether his government would have to buy the funds from central bank.
  • The President reiterated Mexico would achieve savings by using the reserves to pay off its debt, far more than if the central bank stored the money.
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