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: PBOC Net Injects CNY243.37 Bln via OMO Monday

Australia Jun Total Dwelling Approved -6.5%

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

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

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Further Sources On EU Rushing To Agree On Oil Price Cap

OIL
  • Bloomberg reports that EU member states are looking to clinch an agreement on an oil price cap "within weeks", according to people familiar with the matter.
  • It will likely feature as part of a new package of sanctions to be proposed by the European Commission, helping align the EU with the US.
  • The content is similar to Reuters sources from earlier today, potentially looking to approve it when they meet in Prague on Oct 6-7 although an EU official doesn’t know how rapidly they can agree on new sanctions.
  • Brent sits +0.6% on the day at $90.33 as it continues its mixed week.
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