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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Heimstaden: Solid 1Q24 Indications

REAL ESTATE
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Heimstaden AB (Fitch: B) reported stabilisation in the property market in 1Q24. Valuations grew 0.8% and it saw a 5.2% growth in like-for-like rentals. Heimstaden AB operates in the residential sector in 9 Northern European countries.


  • This is closer to the narrative we've seen from SEB (vs. SHBA) this morning but positive that we're starting to see clearing prices achieved.
(SEBA SS) (SHBA SS)
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Heimstaden AB (Fitch: B) reported stabilisation in the property market in 1Q24. Valuations grew 0.8% and it saw a 5.2% growth in like-for-like rentals. Heimstaden AB operates in the residential sector in 9 Northern European countries.


  • This is closer to the narrative we've seen from SEB (vs. SHBA) this morning but positive that we're starting to see clearing prices achieved.
(SEBA SS) (SHBA SS)