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CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

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MNI POLITICAL RISK - DeSantis Unveils Economic Plan

Executive Summary:

  • Florida Governor Ron DeSantis (R-FL) has unveiled his “Declaration of Economic Independence” - an economic plan which criticises elites, promises tax cuts, takes a hardline on China, and tracks closely with the agenda of former President Donald Trump.
  • A judge in Georgia has rejected an attempt by Trump's legal team to quash an investigation into his alleged efforts to overturn his 2020 election loss.
  • US officials will attend the upcoming Ukraine peace summit scheduled to take place in Saudi Arabia, August 5-6.
  • President Biden has reversed a Trump administration decision to relocate US Space Command headquarters from Colorado to Alabama.
  • Commerce Secretary Gina Raimondo is planning to visit China in late August, "according to people familiar with the matter."
  • US President Joe Biden will host Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol at Camp David on August 18.
  • Treasury Secretary Janet Yellen will deliver remarks in Virginia on Wednesday on the Inflation Reduction Act and IRS.
  • Poll of the Day: Vulnerable Senate Democrats are consistently outperforming President Biden’s approval rating in state polling.

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 01-08-23 .pdf

Political Market NewsPolitical Risk
Political Market NewsPolitical Risk

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