MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

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

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Markets take tariffs in their stride -AUD.....>

FOREX
FOREX: Markets take tariffs in their stride
-AUD and NZD sit at the top of the pile Friday as trade tariffs between the US
and China were officially installed with little market fallout. NZD/USD now sits
at the best levels in 8 sessions, having risen close to 2% from the week's lows.
Sentiment continues to feed through to AUD, which sits close to the week's
highs.
-SEK is the poorest in G10 today after a particularly strong week and remains
higher by 2% against the EUR since Monday. Nonetheless, the cross is looking to
make a test on the 50-dma at Sek10.3209.
-Elsewhere, sentiment is mixed with most major pairs consolidating the week's
moves ahead of today's nonfarm payrolls. The whisper number for NFP runs 10k shy
of the median estimate of 195k (similar to ADP yesterday). Inevitably the market
will also be eyeing the President's Twitter account after his "Looking forward
to the jobs number!" tweet last month. Markets won't only be watching for a
tweet from Trump, but a lack thereof could also provide direction.
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