MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Biden: "Our Economic Plan Is Working"

WHITE HOUSE

President Joe Biden has delivered remarks from the White House following today's February jobs reports which showed nonfarm payrolls increased by 311,000 jobs last month.

  • Biden: "People who were staying out of the job market are now getting back into the job market. The share of working age folk in the labour market is the highest since 2008."
  • Biden claims that the American Rescue Plan, "led to the fastest recovery of any major economy in the world" and "lay the foundation for the progress we're seeing today."
  • Biden says the biggest threat to "our recovery" is "MAGA Republicans" in Congress, some of whom, Biden claims, "are planning to default" on government debt.
  • Biden says he's "optimistic" that next week's CPI data will be "in solid shape."
  • Biden: "Our plan is in stark contrast to the MAGA Republican plan in Congress where they're doubling down on the same failed policies of the past."
  • Next up at 14:30 ET 19:30 GMT: OMB Director Shalanda Young, and Economic Council Chair Cecilia Rouse will join Press Secretary Karine Jean-Pierre at the White House press podium for questions on President Biden's FY24 budget request: https://www.whitehouse.gov/live/
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.