MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

CHINA PBOC CONDUCTS CNY676 BILLION VIA 7-DAY REVERSE REPOS TUE

CHINA SETS YUAN CENTRAL PARITY AT 7.1328 TUE VS 7.1313

MNI BRIEF: Fed's Powell Says Neutral Rate Has Likely Risen

Multiple Factors Likely To Keep Chip Exports Supported In Coming Months

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

King's Speech Due Wednesday

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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Gas Prices Stabilise, Strike In Australia Averted

LNG

European LNG prices were fairly steady on Tuesday rising only 1.4% after Monday’s 10% decline. Prices rose to EUR 49.15 after a low of EUR 46.20 earlier. North Asian prices were stable after rising strongly as demand begins to rise ahead of winter.

  • 94% of union members voted to suspend industrial action at Chevron’s North West Shelf facilities in Western Australia as they agreed to the terms of an enterprise bargaining agreement.
  • US efforts to prevent the situation in Israel/Gaza spreading to the rest of the region have brought gas prices off their recent highs and below EUR 50. Biden was scheduled to visit Israel and Jordan today to continue efforts to defuse tensions but the Jordan summit has now been cancelled following Egypt and Palestine’s leaders pulling out over the explosion at a hospital in Gaza.
Energy BulletsCommodities
Energy BulletsCommodities

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