MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

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Lawmakers Set to Approve Bill in Bid to Unlock EU Cohesion Funds

HUNGARY
  • Lawmakers are expected to approve a bill aimed at de-politicising the courts in an effort to unlock some of the funds the EU has blocked over rule-of-law and corruption concerns, Bloomberg report. The bill has already received the blessing of the European Commission. EU Budget Commissioner Hahn told journalists that approval may help Hungary tap EUR13bln of EU funds that are part of a EUR22bln pot of cohesion monies.
  • The European Commission has adopted measures designed to curb the fallout from lifting the restrictions on the imports of Ukrainian agricultural products, the EC said in a statement on Tuesday as cited by MTI. The measures will last until June 5 and "aim to alleviate logistical bottlenecks concerning these products in Bulgaria, Hungary, Poland, Romania and Slovakia," the statement said.
  • There are no major data releases or speaker events scheduled for today. Industrial production (Est: -2.9% y/y) and retail sales figures (Est: -13.6%) are on the docket on Friday.
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