MNI China Press Digest July 2: PBOC, FDI, Land Revenue

MNI: PBOC Net Drains CNY298 Bln Via OMO Tues; Rates Unchanged

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

MNI: PBOC Sets Yuan Parity Higher At 7.1291 Tues; -0.09% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1291 TUES VS 7.1265

MNI China Daily Summary: Monday, July 1

June CPI Below Market Expectations, Headline Y/Y At 2.4%

MNI: UK JUN BRC SHOP PRICES -0.2% M/M, +0.2% Y/Y

Multivariate Core Trend Inflation Falls To Post-2020 Low

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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IDR Awaits FinMin Indrawati's Budget Presser

DOLLAR-IDR

Spot USD/IDR changes hands -36 pips at IDR14,635, weighed on by a combination of mild optimism seen after aforementioned headlines re: Sino-U.S. trade matters. Bears look for a breach of channel floor at IDR14,534 before targeting Jul 29 & 30 lows of IDR14,455. Meanwhile, a recoil above Aug 18 high/100-DMA at IDR14,875/76 would allow bulls to take aim at channel top at IDR14,973.

  • Indonesian FinMin Indrawati and other officials will hold a press briefing at the top of the hour. They will speak about budget realization through the end of July.
  • After hours Monday, President Joko Widodo asked his Cabinet to prevent investment growth from falling more than 5% in Q3, noting that the government is confident that the country will meet its investment target of IDR213tn.
  • Little of note left on Indonesia's economic docket through the rest of this week.
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