MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI BRIEF: China Third Plenum Expands International Opening

MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: EUROZONE MAY CONSTRUCTION OUTPUT -0.9% M/M, -2.4% Y/Y

UK private regular wage growth shows big drop in single month figures

TLFS transition delayed again

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

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MNI POLITICAL RISK - US Drafts ISR-Hamas Ceasefire Resolution

US
  • The US has drafted an Israel-Hamas ceasefire resolution to counter a proposal from Algeria, backed by Arab countries, which is expected to come in front of the United Nations Security Council today.
  • The domestic reaction to the Biden administration’s position on Israel will be in the spotlight next week when Michigan votes in the Democratic presidential primary. Michigan’s large Arab and Muslim-American population, the vast majority of whom voted for Biden in 2020, may be critical to determining the winner of the November’s presidential election.
  • President Biden told reporters yesterday he would be "happy" to meet with House Speaker Mike Johnson (R-LA) to discuss the USD$95 billion foreign aid bill which has stalled in the House of Representatives, "if he has anything to say."
  • Biden holds a significant cash advantage over former President Donald Trump as the latter contends with the costs of his various legal bills.
  • The Biden administration is expected to relax rules for the country’s switch to electric vehicles as the market fails to transition to EVs as quickly as the White House had anticipated.
  • 2.7 million workers are predicted leave the workforce in a surprise second wave of retirements.
  • Domestic semiconductor investment is flagging ahead of November’s general election where Democrats had hoped to highlight a manufacturing boom sparked by the Biden administration's industrial policy.
  • Poll of the Day: Biden has strengthened slightly against former President Donald Trump in the crucial swing state of Pennsylvania.
Full article: US Daily Brief
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