MNI BRIEF: BOI Sees "Modest" Q2 EZ Growth Driven By Services

MNI China Daily Summary: Friday, July 12

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

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

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

MNI: BAKER HUGHES US RIG COUNT 584; OIL RIGS 478; GAS RIGS 100

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.10B BSL

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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EU Approves Proposed Changes to Hungary-Russia Nuclear Plant Contract

HUNGARY
  • The EU approved Hungary’s proposed modification to its contract with Russia’s Rosatom Corp. to expand its nuclear plant, which will allow the nation to speed up the long-delayed project, Foreign Minister Peter Szijjarto said as per Bloomberg. The amendments will allow for a “significant acceleration” of the work at the Paks nuclear plant and for the two new blocks to come online by the early 2030s, Szijjjarto said.
  • The European Parliament is preparing to vote on a resolution concerning Hungary next week, MTI report citing a Facebook post by Justice Minister Judit Varga, who added that the document served to hinder Hungary in taking over the rotating presidency in 2024. The developments signal increasing strain in Hungary-EU relations.
  • The central bank will release a financial stability report at 0900BST/1000CET. Cabinet minister Gergely Gulyas will hold a regular press briefing of yesterday’s government meeting at 1400BST/1500CET.
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