MNI China Daily Summary: Wednesday, Sept 11

MNI BRIEF: Cautious Policy Adjustments Eyed - BOJ's Nakagawa

MNI: PBOC Net Injects CNY209.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1182 Weds; +2.35% Y/Y

CHINA PBOC CONDUCTS CNY210 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1182 WEDS VS 7.1136

EZ/UK Bond Supply Calendar: Ireland, Italy, UK Due Thursday

US EIA: CRUDE OIL STOCKS EX SPR +0.83M TO 419.1M SEP 06 WK

MNI: US AUG CPI UNROUNDED M/M 0.187%, CORE 0.281%

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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Largest Trade Union Calls for Extension of Fuel Subsidies

SOUTH AFRICA
  • COSATU have called for the government to extend fuel price subsidies beyond the planned expiration date in July. The trade body (South Africa’s largest) also called for further deregulation of the fuel industry. The calls follow an open letter from Ramaphosa earlier in the week, in which he warned the government cannot continue the policy indefinitely.
  • The R350 COVID-19 grants paid to eligible unemployed South Africans was not paid at all across April and May this year, according to the SASSA. According to reports, new processes are being put in place and the SASSA hopes to pay those in mid-June after the payment of other grants.
  • Police are being deployed across South Africa in response to threats of a national shutdown today. Calls for mass protest are linked to rising fuel prices, but there has been no official permit submitted by a specific worker’s group.
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