MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI: US MBA: MARKET COMPOSITE -2.2% SA THRU JUL 19 WK

US MBA: REFIS +0.3% SA; PURCH INDEX -4% SA THRU JULY 19 WK

Market round-up post PMIs

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

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EU Proposed Russian Sanctions to Target Oil Tankers

ENERGY

The European Commission is expected to propose sanctions on ships flouting the G7 oil price cap on Russia, as well as vessels delivering North Korean military equipment to Russia, Reuters said.

  • The EC is finalising its proposal for a 14th package of sanctions against Moscow.
  • The oil related sanctions will target the “shadow fleet” moving oil at prices above the G7 price cap.
  • Around 40 companies are expected to be added to the sanctions list, Reuters said. Most of these are linked to procuring military equipment for Russia and are not all shadow fleet providers.
  • The third country companies are based in the UAE, Kyrgyzstan, Turkey, and China.
Energy BulletsCommodities
Energy BulletsCommodities

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