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

DMP survey increases probability of August cut

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

MNI: EUROZONE JUNE CONSTRUCTION PMI 41.8; MAY 42.9

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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Health Sec Sets Out COVID Tiers @ 1130GMT, PM Holds Press Conf This Aft'noon

UK

At 1130GMT (1230CET, 0630ET) Health Secretary Matt Hancock to deliver statement to the House of Commons setting out which areas of England go into what tiers of COVID-19 restrictions once the country comes out of its month-long lockdown on Dec 2.

  • Major focus on how much of the country goes into the two highest-level restriction COVID-19 tiers (expected to be almost all the country).
  • Speculation overnight that London will be placed into tier 2, meaning no household mixing indoors, rule of six applies outdoors, and pubs and restaurants to be open but can only sell alcohol as part of a 'substantial meal'.
  • PM Boris Johnson to hold a press conference later in the afternoon (no set time for this yet) on the same subject.
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