MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

Australia May Total Dwelling Approved +5.5%

Australia May Retail Trade +0.6%

MNI: AUSTRALIA MAY RETAIL SALES +0.6% M/M

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

MNI POLITICAL RISK - The Rift Between The US And Israel Widens

Daily roundup of news from the US.

Political Market NewsPolitical Risk

Executive Summary:

  • The rift between the US and Israel has widened after a US State Department report to Congress suggested that Israel may have violated international law during their military operation in Gaza.
  • The report concluded that Israel remains eligible to receive US military aid, putting President Biden in a political bind as he seeks to distance the administration from an IDF military operation in Rafah but maintain US assurances for the defence of Israel.
  • President Biden is expected to quadruple tariffs on Chinese electric vehicles at a White House event on Tuesday. The new measures would extend and further entrench the tariff regime established during former President Donald Trump’s first term and foreshadow an election campaign in which both candidates are likely to stake out a largely unified, hawkish position on China trade policy.
  • US and Chinese officials will meet in Geneva on Tuesday to hold their first high-level talks on the risks of artificial intelligence.
  • Trump has nixed rumours that his campaign may tap up former presidential candidate Nikki Haley as his running mate.
  • Trump is back in the Manhattan courtroom today to continue the ‘hush money’ trial, with key prosecution witness, Michael Cohen, expected to take the stand.
  • An investigation from the New York Times and ProPublica has found that Trump could owe the IRS more than USD$100 million for an accounting manoeuvre on his Chicago tower.
  • Poll of the Day: Trump leads Biden in five out of six crucial battle ground states.

Please find the full article attached below:

Keep reading...Show less
252 words

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.

Executive Summary:

  • The rift between the US and Israel has widened after a US State Department report to Congress suggested that Israel may have violated international law during their military operation in Gaza.
  • The report concluded that Israel remains eligible to receive US military aid, putting President Biden in a political bind as he seeks to distance the administration from an IDF military operation in Rafah but maintain US assurances for the defence of Israel.
  • President Biden is expected to quadruple tariffs on Chinese electric vehicles at a White House event on Tuesday. The new measures would extend and further entrench the tariff regime established during former President Donald Trump’s first term and foreshadow an election campaign in which both candidates are likely to stake out a largely unified, hawkish position on China trade policy.
  • US and Chinese officials will meet in Geneva on Tuesday to hold their first high-level talks on the risks of artificial intelligence.
  • Trump has nixed rumours that his campaign may tap up former presidential candidate Nikki Haley as his running mate.
  • Trump is back in the Manhattan courtroom today to continue the ‘hush money’ trial, with key prosecution witness, Michael Cohen, expected to take the stand.
  • An investigation from the New York Times and ProPublica has found that Trump could owe the IRS more than USD$100 million for an accounting manoeuvre on his Chicago tower.
  • Poll of the Day: Trump leads Biden in five out of six crucial battle ground states.

Please find the full article attached below:

Keep reading...Show less