MNI China Daily Summary: Thursday, Aug 29

MNI BRIEF: China Discussing Placing Tariffs On Auto Imports

MNI: Japan Govt Upgrades Economic View, Private Consumption

MNI BRIEF: PBOC Restarts CGB Trade After Nearly Two Decades

MNI: PBOC Net Drains CNY208.4 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1299 Thurs; +2.34% Y/Y

MNI: GERMANY AUGUST FLASH HICP -0.2% M/M; +2.0%Y/Y

MNI: GERMANY NRW AUG CPI -0.1% M/M, +1.7% Y/Y

MNI: BAVARIA AUG CPI -0.1% M/M, +2.1% Y/Y

UK: Week Ahead

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New Anti-Crisis Tool to Offset Any Bond Buys, According to Sources

ECB
  • Bloomberg cite sources in reporting that any new anti-crisis bond buying tool constructed by the ECB would likely involve selling other securities so that purchases don't upset the bank's efforts to combat inflation.
  • The report follows an unscheduled meeting conducted by the ECB governing council yesterday, in which the bank pledged to accelerate work on an anti-fragmentation policy tool.
  • The bank are seen finalising any policy tool ahead of July's policy meeting, at which the ECB are seen raising interest rates for the first time in this cycle.
  • EUR/USD sees mild support in response to the report, adding 30 pips to touch 1.0426 before fading.
EM BulletHomepagemarkets-real-timeFixed Income BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News
EM BulletHomepagemarkets-real-timeFixed Income BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News

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