MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

Inflation Slowed in June, Shaking Off May Hotel Price Jump

Broad-based Deceleration In June Core Metrics

MNI: ITALY JUN FLASH HICP +0.2% M/M, +0.9% % Y/Y; MAY +0.8% Y/Y

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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Finance Minister Marcel To Speak At Chile Day Event In Toronto

CHILE
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • USDCLP closed below the 900 level yesterday, as the peso continues to be supported by copper prices close to a record high. From a technical perspective, a bear trend in USDCLP remains intact, with attention on 886.96, a Fibonacci projection. A clear break of this level would open 870.45, the Dec 29 ‘23 low. Initial key short-term resistance has been defined at 914.59, the 20-day EMA.
  • Today, Finance Minister Marcel is due to give a presentation at the Chile Day 2024 event in Toronto at 1515BST(1015ET), followed by participation in a panel on fiscal and tax matters at 1600BST(1100ET).
  • On the data front, the calendar remains empty today, ahead of April unemployment figures tomorrow and the latest activity data for April on Friday, including retail sales, IP and copper production.
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  • USDCLP closed below the 900 level yesterday, as the peso continues to be supported by copper prices close to a record high. From a technical perspective, a bear trend in USDCLP remains intact, with attention on 886.96, a Fibonacci projection. A clear break of this level would open 870.45, the Dec 29 ‘23 low. Initial key short-term resistance has been defined at 914.59, the 20-day EMA.
  • Today, Finance Minister Marcel is due to give a presentation at the Chile Day 2024 event in Toronto at 1515BST(1015ET), followed by participation in a panel on fiscal and tax matters at 1600BST(1100ET).
  • On the data front, the calendar remains empty today, ahead of April unemployment figures tomorrow and the latest activity data for April on Friday, including retail sales, IP and copper production.