MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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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Guedes Reiterates Economic Fundamentals Are Solid

BRAZIL
  • Economy Minister Paulo Guedes commented that Brazil's GDP will likely grow 2.1% next year, unlike projections that point to a lower figure, talking at an event held by the Ministry of Economy on Thursday.
    • He added the fiscal deficit will be below 100b reais in 2021, and said The Brazilian Real is still weaker due to political noise, despite economic fundamentals remaining solid.
    • Guedes said he and his team will depart in the case that President Bolsonaro doesn't trust in his ministry's work.
  • Brazil's govt signalled a series of changes in the court-ordered payments bill known as precatorios, in order to ease senators' reluctance to the text, O Globo newspaper reports without saying how it obtained the information.
  • USDBRL opening broadly in line despite the softer tone for risk with an empty data calendar to end the week. Central Bank's president Roberto Campos Neto meets with S&P and Treasury representatives at 4:30pm Brasilia time, in Sao Paulo.
    • B3 Exchange stock options expiration.
    • Verde's Fund Manager Luis Stuhlberger, former central banker Henrique Meirelles speak at event, 2pm.
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