MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

Blinken-US Uninvolved & Unaware Of Haniyeh Elimination Beforehand

MNI: US MBA: MARKET COMPOSITE -3.9% SA THRU JUL 26 WK

US MBA: REFIS -7% SA; PURCH INDEX -2% SA THRU JULY 26 WK

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

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MNI POLITICAL RISK - Discharge Petitions Test GOP On Ukraine

US
  • Two discharge petitions which would bypass the authority of House Speaker Mike Johnson (R-LA) and bring legislation to fund Ukraine to the House floor went live yesterday. Minority Leader Hakeem Jeffries (D-NY) has whipped his conference to the support a petition, introduced by Rep Jim McGovern (D-MA), to force movement on the USD$95 billion Senate-passed foreign aid bill, but progressives are balking at approving unconditional aid to Israel.
  • A second petition, introduced by Rep. Brian Fitzpatrick (R-PA), has attracted enough GOP signatures to succeed if all Democrats sign on, but Dems are unhappy that economic and humanitarian aid has been cut from the slimmed down bill.
  • The House of Representatives is expected vote at 10:00 ET 14:00 GMT on legislation that would force ByteDance to sell the social media platform TikTok or face a de facto ban in the US.
  • President Biden and former President Trump have both crossed the threshold required to effectively ensure the presidential nominations of their respective parties.
  • Biden continues his swing state tour today with remarks in Wisconsin where he will unveil a USD$3.3 billion package of federal grants for infrastructure in the state.
  • The GOP majority in the House will shrink to two votes when Rep Ken Buck (R-CO) departs Congress at the end of the next week.
  • The Office of the Director of National Intelligence has declassified a report which provides a critical assessment of Israel’s government.
  • Poll of the Day: No SOTU bump for Biden.
Full article: US Daily Brief
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