MNI: PBOC Sets Yuan Parity Lower At 7.1228 Thurs; +2.24% Y/Y

MNI: PBOC Net Drains CNY218.4 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY359.3 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1228 THURS VS 7.1307

MNI BRIEF: BOK Holds Rate, Downgrades GDP, CPI View

MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

Preliminary August PMIs Improve, But Manufacturing Still Sub 50.0

Local Investors Purchases Of Offshore Bonds Surge In Recent Weeks

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

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

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Chicago Schools Set to Reopen This Week

US

The Chicago Teacher’s Union has tentatively reached an agreement with Chicago Mayor Lori Lightfoot which may break the deadlock between the CTU and City Hall and allow for in person teaching starting tomorrow.

  • The country’s third largest public school system has been closed for four days due to the risk presented by the surge in the Omicron Covid-19 variant. Concessions have been made on both sides to accommodate a return to in person learning.
  • The school closures have sparked bitter debates within Illinois and goes against government guidance to keep schools open. White House press secretary Jen Psaki said President Joe Biden’s official stance remains: ‘Schools should be open across the country, that the mental health impact on kids of not having schools open is very harsh and hard, and [that] he does not want to see schools closed across the country.’
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