MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI: US Q2 GDP +2.8%

MNI: US JOBLESS CLAIMS -10K TO 235K IN JUL 20 WK

MNI:US JUN DURABLE NEW ORDERS -6.6%; EX-TRANSPORTATION +0.5%

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

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MNI POLITICAL RISK - US Daily Brief

US
  • The White House has announced new Russia measures to mark the anniversary of Russia’s invasion of Ukraine.
  • Commerce Secretary Gina Raimondo has declared that by 2030 the US will “design and produce the world’s most advanced chips on our shores,” in a speech unveiling the long-term goals of the CHIPS and Science Act.
  • The G-20 finance and central banking ministerial gets underway in Bengaluru, India.
  • White House Press Secretary Karine Jean-Pierre has indicated that diversity may be a factor in President Biden’s nomination to fill the vacant Federal Reserve Vice Chair seat.
  • 10:00 ET 15:00 GMT: US Secretary of State Antony Blinken will reaffirm the United States’ commitment to Ukraine at the UNGA but is unlikely to address concerns over increased Russian-Chinese cooperation.
  • President Biden has nominated Ajay Banga to be president of the World Bank.
  • Secretary of State Antony Blinken will travel to Central Asia next week to hold meetings with leaders in the geo-strategically critical region often neglected by the United States.
  • Poll of the Day: US voters are more likely to support the raising of the debt ceiling now than during the 2011 debt ceiling crisis.
Full Article: US Daily Brief
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