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MNI China Daily Summary: Friday, July 12

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CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

Canada May Building Permits Down From April's Record High

MNI: US JUN FINAL DEMAND PPI +0.2%, EX FOOD, ENERGY +0.4%

MNI: CANADIAN MAY BUILDING PERMITS -12.2% MOM

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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Foreign Minister To Discuss Israel, Ukraine Situations

CZECHIA
  • Foreign Minister Jan Lipavsky will speak with Seznam Zpravy about the wars in Israel and Ukraine at 14:30BST/15:30CEST. Local press reports suggested that Lipavsky clashed with Prime Minister Petr Fiala over the latter's proposal to relocate the Czech embassy in Israel to Jerusalem, while the Foreign Minister thinks that the time is not right for such a move.
  • Two Senate committees refused to give their recommendations to President Petr Pavel's nominee for a constitutional judge, Pavel Simon. During the two hearings, lawmakers questioned his prior rulings and business career. The plenary session of the Senate will make a final decision on his nomination next Wednesday.
  • Conseq Investment Management Chief Economist Martin Lobotka wrote in DenikN that the CNB believes in an inevitable return to normalcy but risks another wave of inflation should it become complacent too soon.
  • The Chamber of Deputies resumes its session and will debate an extension to the temporary protection for Ukrainian refugees until March 2025.
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