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

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

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

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

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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Consumer Job Security Lifts Off Lowest Since 2020

CANADA DATA
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  • The Bloomberg Nanos consumer survey saw overall confidence lift slightly last week from 51.7 to 52.0, a small move after two declines worth a total 1.7pps.
  • The perception of net job security is of more note, rising 2pts after the prior week falling 0.7pts to 39.9% for its lowest since Aug 2020 (applying half weights to the “somewhat” secure and not secure categories).
  • This net share is still relatively depressed though, having trended lower since mid-February, with a drift from those deeming their current roles as secure towards unsure rather than outright unsecure.
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  • The Bloomberg Nanos consumer survey saw overall confidence lift slightly last week from 51.7 to 52.0, a small move after two declines worth a total 1.7pps.
  • The perception of net job security is of more note, rising 2pts after the prior week falling 0.7pts to 39.9% for its lowest since Aug 2020 (applying half weights to the “somewhat” secure and not secure categories).
  • This net share is still relatively depressed though, having trended lower since mid-February, with a drift from those deeming their current roles as secure towards unsure rather than outright unsecure.