CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI China Daily Summary: Thursday, July 18

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

MNI JAPAN JUNE CORE CPI +2.6% Y/Y; MAY +2.5%

MNI: UK JUL GFK CONSUMER CONFIDENCE INDEX -13

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

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From Steven Swinford at the Telegraph:.....>

UK PRESS
UK PRESS: From Steven Swinford at the Telegraph: Paul Johnson at the IFS says
that the Tories have 'baked in' austerity. Public spending outside health would
still be 14% lower in 2023-24 than it was in 2010. Whereas under Labour tax and
spend would rise to 'peacetime highs'
IFS says neither Labour or Tories have offered a 'credible prospectus'. 'Should
they win it is highly likely Tories would end up spending more'. 'Labour would
not be able to deliver investment spending increases on scale they propose.
Public sector doesn't have the capacity'
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