MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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EU Sees No Need to Extend Russian Gas Imports Via Ukraine

NATURAL GAS

The EU sees no need to extend the agreement to transport Russian natural gas to Europe via Ukraine that is planned to expire end-2024, as member states can source alternative supply, EU Energy Commissioner Kadri Simson said.

  • Austria, Italy and Slovakia are currently receiving gas via the transit route.
  • "We have no interest to prolong the trilateral gas transit agreement with Russia, which will expire by the end of this year," Simson said,
  • "Based on our preliminary analytics, there are alternative solutions to supply these countries who still receive some gas through the Ukrainian route," she added.
  • Austria Green Party is seeking to reduce the country’s reliance on Russian natural gas imports, the country’s energy minister said earlier this week. "We must prepare to exit OMV's long-term contracts," Energy Minister Leonore Gewessler said.
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