MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

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

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

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

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

Q1 Sectoral Accounts Suggest Solid Real Income Gains

Services Behind Slight Fall In July ISTAT Business Confidence

Unemployment Falls To 11.3% In Q2, Driven By Services

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mexican Retail Sales, PBOC Eases Rules on Capital Inflow to Curb Weak CNY

LATAM
  • Mexican retail sales for May highlight the LatAm data calendar on Thursday and marks the last notable release for the week.
  • EU top diplomat, Josep Borrell, delivering doorstep comments ahead of an EU Foreign Ministers' meeting, has told reporters that a third night of Russian bombardment of Odesa, is going to create "a huge food crisis in the world," adding that if Russia has decided to, not only withdraw from the Black Sea grain initiative, "but destroy [Ukrainian grain], there will be a shortage of grain in the world."
  • MNI (Beijing) - The People's Bank of China has relaxed rules to allow firms to borrow more overseas, enabling more capital inflows at a time when the yuan faces pressure against the U.S. dollar. The central bank raised the so-called macro-prudential parameter for companies and banks’ cross-border financing to 1.5 from 1.25, in order to “increase their source of funding and optimise the structure of their balance sheet”, the central bank said in a statement on Thursday.
  • AUD trades firmly, outperforming all others in G10 following the solid June jobs report. Australia added 32.6k jobs across the month, doubling market expectations. This helped pressure the unemployment down to 3.5%, which also saw the previous outturn revised lower.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.