MNI China Daily Summary: Friday, July 5

MNI BRIEF: PBOC Plans To Borrow Hundred Bln Yuan CGB - Press

MNI BRIEF: BOJ Consumption Activity Index Flat M/M In May

MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

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

MNI: EUROZONE MAY RETAIL SALES +0.1% M/M, +0.3% Y/Y

Retail Trade Broadly In-Line With Consensus

Weak manufacturing in France and Germany in May; energy production up

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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Germany Suspicion Nord Stream Leaks an Act of Sabotage

NATURAL GAS

Germany believes damage to both the Nord Stream 1 and Nord Stream 2 pipelines are the result of sabotage.

  • The evidence points to a violent act, rather than a technical issue, according to a German security official speaking with Bloomberg.
  • “The destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented,” the operator of Nord Stream said earlier today. “It’s impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure.”
  • Gas prices have traded higher today on the news that this could be sabotage. The damage has not disrupted gas flows to Europe with neither pipeline currently in operation.
Energy BulletsCommodities
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