MNI China Daily Summary: Tuesday, July 30

MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI: EUROZONE Q2 PRELIM FLASH GDP +0.6% Y/Y

MNI: EUROZONE Q2 FLASH GDP +0.3% Q/Q

MNI: NORTH RHINE WESTPHALIA CPI +0.3% M/M, +2.3% Y/Y

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

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EU Slam Hungary, Poland Decisions to Ban Ukraine Grain Imports

HUNGARY
  • Agriculture Minister Istvan Nagy said on Saturday that Hungary is banning imports of Ukrainian grain, oilseed and other farm products until June 30 to allow time for a "rethink" of EU measures that have resulted in a glut on local markets. The EU strongly criticised the move, which has also been undertaken by Poland, saying “unilateral actions” were unacceptable and a potential breach of trade policy.
  • South Korea will send a delegation to Hungary, Poland and Slovakia this week to discuss ways to boost economic and trade ties with the respective countries, the Korean industry ministry said this morning as reported by The Korea Times. In Hungary, Korea will sign the Trade and Investment Promotion Framework (TIPF) with Budapest, a non-binding agreement that calls for enhanced economic cooperation and the facilitation of bilateral corporate exchanges.
  • There are no major economic releases or speaker events scheduled today.
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