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

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Flash Inflation In-Line With Tracking; Services Softens But Only Slightly

MNI: EUROZONE JUL FLASH HICP +2.6% Y/Y

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

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MNI POLITICAL RISK - US Daily Brief

US
  • Republicans have identified potential government spending reductions as the political battle over Social Security and Medicare intensifies.
  • Senate Minority Leader Mitch McConnell (R-KY) has hit back at a persistent White House claim that Senator Rick Scott's (R-FL) plan to "sunset" Social Security representatives a broader GOP threat to entitlements.
  • President Biden and Brazilian President Luiz Inacio "Lula" da Silva are expected to make progress on climate, the Amazon, and denouncing right-wing populism, but struggle to reach an agreement on Ukraine at a White House meeting today.
  • Former Vice President Mike Pence has been subpoenaed by the Justice Department.
  • House Democrats have introduced a resolution to expel Rep. George Santos (R-NY) from Congress.
  • President Biden has deflected blame on the storage of classified government documents and fuelled speculation that he may be preparing a trip to Poland.
  • Senator John Fetterman’s (D-PA) team says he did not have another stroke after being admitted to hospital with light-headedness.
  • The Biden Administration is exploring measures against Chinese entities connected with the "spy balloon" as the House passes an unanimous resolution condemning the CCP's "brazen violation of United States sovereignty."
  • Poll of the Day: Former President Donald Trump continues to strengthen in his bid to take the 2024 Republican party presidential nomination.
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