MNI China Daily Summary: Friday, July 5

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI BRIEF: BOJ Consumption Activity Index Flat M/M In May

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

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

MNI: EUROZONE MAY RETAIL SALES +0.1% M/M, +0.3% Y/Y

Retail Trade Broadly In-Line With Consensus

Weak manufacturing in France and Germany in May; energy production up

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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Bolsonaro Criticism Ramps Up, BRL Weakens Further

BRAZIL
  • Legislative agenda beyond health and pandemic themes will be suspended for the next two weeks in Brazil's Lower House, speaker Arthur Lira said.
  • Additionally, Lira, an ally of the president, said in a speech to fellow legislators that he's "raising the yellow flag" warning. Without naming names, Lira noted that Congress has the means to deal with situations where poor judgment spirals out of control.
  • Criticism of the president which has included Brazil's influential business community has sparked a U-turn as the President attempts to ramp up efforts to deal with the pandemic.
  • The Real dropped 2% yesterday and has continued to weaken post the open. 5.6827 represents the high on the day of the surprise rate hike, currently being approached.
  • Following the release of the QIR, Governor Roberto Campos Neto and Economic Policy Director Fabio Kanczuk will comment on the report and speak to the press at 11am local time.

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