MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

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

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Australia Current Account Surplus Record High In Q2

AUSTRALIA DATA
MNI (Singapore)
  • Australia's current account surplus in seasonally adjusted terms increased $8.7 billion to $17.7 billion in Q2 2020, driven mainly by increased goods and services surplus.
  • On the imports side, travel services fell $8.2 billion and transport services fell $1.2 billion in original terms, while non-industrial transport equipment fell $2.7 billion and fuels and lubricants fell $1.2 billion in seasonally adjusted terms.
  • On the exports side, travel services fell $6.3 billion and transport services fell $0.9 billion in original terms, while coal, coke and briquettes fell $1.3 billion and metal ores and minerals rose $1.2 billion in seasonally adjusted terms.
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