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

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

US Treasury Auction Calendar

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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Brazil Inflation Data, US Trade Balance & Durable Goods All In Focus

LATAM
  • A busy data day for Brazil is highlighted by the Mid-April reading of IPCA inflation due at 1300BST/0800ET. Additionally, Brazil will report loans data before the treasury disclose the March monthly debt report.
  • German short-end yields are sharply lower in early Wednesday trade, catching up with the US Treasury rally after Tuesday's European cash close. The single currency trades well, leading the rest of G10 and pushing EUR/USD back toward the best levels on Tuesday, narrowing the gap with first resistance of 1.1067. A break north of here eyes the 1.1076 bull trigger and clears the way for the highest levels since April last year.
  • Banking concerns have resurfaced, as renewed concern surrounding First Republic's plans to sell as much as $100bln in assets drove their shares lower still late Tuesday. Further regional banking earnings are due Wednesday, and may shed further light on systemic fragility.
  • Both US trade balance data for March and preliminary March durable goods orders are scheduled today. The speaker slate is light, with just ECB's de Guindos & Herodotou on the docket.
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