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

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

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Fitch Affirms Mexico at 'BBB-'; Outlook Stable

MEXICO
  • From the report:
  • "Mexico's rating is supported by a prudent macroeconomic policy framework, stable and robust external finances, and stable government debt/GDP projected at levels below the 'BBB' median. The rating is constrained by weak governance, muted long-term growth performance, continued policy intervention affecting investment prospects and the implications for the federal government's finances from its strategy of alleviating Pemex's tax burden."
  • "The Stable Outlook is supported by the relatively strong performance of public finances, notwithstanding medium-term challenges. This supports our assessment of macro policy credibility as a rating strength and backstop to private sector confidence despite continued microeconomic policy interventions and governance challenges."
  • The full document can be found here: https://www.fitchratings.com/research/sovereigns/f...

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