MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1285 Thurs; -1.29% Y/Y

CHINA PBOC CONDUCTS CNY49 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1285 THU VS 7.1318

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

Australia Jun Unemployment Rate 4.0%

Japan Jun Exports +5.4% Y/Y; Imports +3.2% Y/Y

MNI:AUSTRALIA JUN UNEMPLOYMENT RATE +4.1%

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

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Little Persistent Reaction In Euribor Following UK GDP Beat

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Euribor futures are flat to +3.0 through the blues, with light pressure from the stronger-than-expected UK activity data fading.

  • ECB-dated OIS contracts are little changed vs yesterday afternoon’s levels, with 22bps of cuts priced through the June meeting and 70bps of cumulative easing priced through the remainder of the year.
  • Today’s regional calendar includes industrial production figures from Italy and the minutes of the ECB’s April monetary policy meeting.
  • The topics of scheduled speeches from ECB’s Cipollone and Elderson don't focus on broader ECB policy, though markets will be watchful of several Fed speakers this afternoon.


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    Euribor futures are flat to +3.0 through the blues, with light pressure from the stronger-than-expected UK activity data fading.

  • ECB-dated OIS contracts are little changed vs yesterday afternoon’s levels, with 22bps of cuts priced through the June meeting and 70bps of cumulative easing priced through the remainder of the year.
  • Today’s regional calendar includes industrial production figures from Italy and the minutes of the ECB’s April monetary policy meeting.
  • The topics of scheduled speeches from ECB’s Cipollone and Elderson don't focus on broader ECB policy, though markets will be watchful of several Fed speakers this afternoon.


    • Keep reading...Show less