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 China Daily Summary: Monday, July 29

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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France Must Continue To Reduce Gas Use: Grid Operator

NATURAL GAS

Efforts to curb natural gas consumption must continue so that storage sites can be filled up ahead of winter, French grid operators GRTGaz and Terega said in their Summer Outlook.

  • The need to replenish stockpiles will mean import entry-points are used near maximum levels, given the disruption of Russian supply, it said.
  • Refilling storage facilities by the end of October is possible, though there’s little margin, the reports said.
  • The outlook does not take into account the potential effects of ongoing strikes. LNG imports into France in March were down around 0.9mn tons from February levels amid strikes, ICIS said.
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