MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

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

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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July new home sales -9.4% to 571 SAAR, well.>

US DATA
US DATA: July new home sales -9.4% to 571 SAAR, well below the 613k 
rate expected and the slowest pace since December, but following upward 
revisions to the sales pace in the previous three months. July sales 
were down noticeably from the 613k 2Q sales avg. Sales fell sharply 
in the NE, South, and West, offset by a gain in Midwest. The supply of 
new homes for sale +1.5% to 276k, the highest since June 2009 and +16.5% 
y/y. As a result of the supply gain and sales drop, the months supply on 
market  surged to 5.8 months from 5.2 months in June, hitting the 
highest point since September 2015. The median new home sales price 
+0.7% to $313,700, +6.3% y/y. See MNI main wire. 
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