MNI: China CFETS Yuan Index Down 0.28% In Week of Jul 5

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1286 MON VS 7.1289

MNI China Daily Summary: Friday, July 5

Australia May Housing New Loan Commitment -1.7%

MNI BRIEF: Japan May Negative Real Wage Widens to -1.4%

Headline Earning Misses, But Details Stronger

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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Colder Forecasts Prompting TTF Recovery

NATURAL GAS

European gas prices are tussling with weather forecasts that indicate temperatures will drop below seasonal norms ahead of Christmas.

  • Despite warming temperatures across the region early next week, temperatures are set to return below the seasonal average by the end of next week in the Nordics and the UK.
  • Europe has shown its ability to weather the first cold snap test through a combination of high storage and high LNG to combat the loss of Russian flows.
  • Europe now also faces competition for LNG cargoes as China recently bought shipments of the fuel for early next year, pivoting away from its zero covid strategy.
  • TTF JAN 23 up 1.9% at 134€/MWh.
Energy BulletsCommodities
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