MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

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

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

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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German Gas Supply Not at Risk This Winter: Regulator

NATURAL GAS

Germany has enough gas to make it through the winter season without risking a supply emergency according to the country’s network regulator speaking with Bild am Sonntag.

  • It said the focus is now on securing enough supplies for the 2023/24 period.
  • Gas prices, which soared during 2022 but have recently come down again, had reached a "plateau" level that would persist for the next 1-2 years according to network head Klaus Mueller.
  • He noted three short term price concerns: colder weather, higher Chinese demand and vulnerability of gas infrastructure.
  • Europe has benefitted from a mild winter this season, easing demand on gas supplies during the first winter without Russian gas supply.
Energy BulletsCommodities
Energy BulletsCommodities

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