MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Goldman Sachs Are More Sanguine vs. Markets on ZAR

SOUTH AFRICA
  • On South Africa, GS see significant risks, but are more sanguine than the market.
  • They see the bearish sentiment on South African assets as due to interrelated concerns over weak growth, deteriorating power supply, and fiscal sustainability.
  • Valuations are now unusually weak, implying that the market is already discounting significant bad news. As such, they think it more likely that markets will stabilise close to current levels, with moderate upside to the Rand in the short term (their FX strat team 3-month forecast is 18.75) and more considerable upside to bonds in the medium term.
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