MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Canada Unemployment Up While Wages Remain Hot

CANADA DATA
  • Canadian Nov employment +24.9K vs forecast of +13.5K, the labour force increased by +36K. 
  • Unemployment rate +5.8% vs prior of 5.7%, the highest since Jan 2022. 
  • Average hourly earnings +4.8% YOY, the same rate as Oct. Average hourly earnings for permanent workers +5%. 
  • Hours worked decreased -0.7% in Nov but were up +1.3% YOY. 
  • Full time workers led the increase with +59.6K while part time fell -34.7K.
  • Manufacturing and construction had the highest employment gains while wholesale and retail saw declines. 
  • "In finance, insurance, real estate, rental and leasing, employment fell by 18,000 (-1.3%) in November. Since July, employment in this industry has declined by 63,000 (-4.4%), the steepest decrease of any industry over the period."
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