FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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MNI POLITICAL RISK - Raimondo Concludes Productive China Trip

US
  • US Commerce Secretary Gina Raimondo will conclude a four-day China trip today which opened key new lines of communication despite an exchange of rhetoric yesterday after the Secretary suggested that investing in China has become “risky” for US businesses.
  • Experts have warned that new measures to lower prescription drug costs, announced by President Biden yesterday, are unlikely to have a significant effect on prices.
  • House Majority Leader Steve Scalise (R-LA), the number two Republican in the House, has been diagnosed with a form of blood cancer.
  • Florida Governor Ron DeSantis (R-FL) will face another test of his disaster response skills when Hurricane Idalia make landfall today.
  • DeSantis has presented a problem for the White House by rejecting federal energy incentives from the Inflation Reduction Act.
  • A new USD$250m security assistance package for Ukraine brings total aid to Ukraine close to the USD$47 billion limit authorised by Congress last year, raising the prospect of another tussle between the White House and Ukraine-sceptic House Republicans.
  • Poll of the Day: A Trump pollster has warned of a surge a support for Nikki Haley after the first Republican Presidential debate.
Full article: US Daily Brief
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