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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Five States Holding Primary Elections Today

US

Primary day in Idaho, Kentucky, North Carolina, Oregon, and Pennsylvania.

  • Themes to watch: The continuing examination of former President Donald Trump, the struggle between the moderate and progressive wings of the Democrat party, and a late lurch to the right from the GOP.
  • Politico: “Republican strategists [are concerned] that the party might blow [Pennsylvania] … by nominating far-right election deniers."

Pennsylvania Senate

  • Trump endorsed celebrity physician Mehmet Oz is frontrunner but facing a late surge from conservative commentator Kathy Barnette amidst accusations of Islamophobia and ‘election denying.'
  • Lieutenant Governor John Fetterman will likely take the Dem race. Fetterman is a 'new progressive' with appeal to both middle class and working-class voters. A Fetterman vs Barnette race has the potential to flip to Democrats - a huge result for Dems.

Pennsylvania Governor

  • Trump has endorsed far right state Senator Doug Mastriano. Politico : ‘There are few states as deeply infected as Pennsylvania by Donald Trump’s election fraud lie... Mastriano [has] been subpoenaed by the House select committee investigating the events of that day.’

North Carolina Senate

  • Critical open seat that Democrats are targeting in November as a potential flip. Trump has endorsed Rep. Ted Budd (R-NC).

Oregon’s 5th District

  • A test of the Democrat progressive wing. Senator Elizabeth Warren (D-MA), has endorsed Jamie McLeod-Skinner against moderate Rep. Kurt Schrader (D-OR), endorsed by President Biden.

Idaho Governor

  • Trump has endorsed Lt. Gov. Janice McGeachin against incumbent Gov. Brad Little. The two had a tumultuous relationship in the Governor’s mansion. Politico: 'McGeachin is arguably the most extreme candidate Trump has endorsed this year...'
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