MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

Australia Jun Total Dwelling Approved -6.5%

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

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

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Iran, Russia Share View On OPEC+ Decision To Cut Output

OIL

Iran's oil minister Javad Owji said that the oil market is on the right track after decisions made by OPEC+, the Iranian news agency Tasnim said.

  • "Iran and Russia are on the have the same views inside OPEC+", Owji added, meaning the OPEC+ decision to cut output late last year and this year’s decision to voluntarily reduce output by several member states.
  • Iran is also interested to purchase oil products from Russia of around 4-5mn t/yr, Interfax reports, citing Russia’s Deputy Prime Minister Alexander Novak.
  • Both countries would consider mutual payments in Yuan according to Tass, citing Alexander Novak.
  • Novak also reiterated that Russia has reduced its crude oil output by 500kbpd compared to the February baseline this month, which would be in line with its pledged output cuts according to Interfax.
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