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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German Nuclear Power Extended Over Winter

ENERGY

German Chancellor Olaf Scholtz ordered Germany’s three remaining nuclear power plants to remain in operation until at least April of next year to help alleviate an energy crisis this winter spurred by high gas prices.

  • "The legal basis will be created to allow the operation of the nuclear power plants Isar 2, Neckarwestheim 2 and Emsland beyond December 31, 2022, until April 15, 2023," Scholz said in a statement.
  • Scholz also requested that the ministries present an "ambitious" law to increase energy efficiency, as well as a binding agreement to phase out coal by 2030.
  • Germany had planned to cut the use of nuclear power stations by the end of 2022 but a gas shortage in Europe has prompted the government to extend their use.
  • Germany has also leaned towards higher coal use for power generation this winter.
Energy BulletsCommodities
Energy BulletsCommodities

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