MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

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

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

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

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

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Oil continues to edge higher on the back of.....>

OIL
OIL: Oil continues to edge higher on the back of previous production cuts and
the stabilisation in demand as Europe emerges from lockdown.
- Brent crude trades at USD42.88/b up from a morning low of USD41.81, while WTI
has inched up to USD39.94/b from USD38.81/b.
- Saudi Arabia is reported to have significantly increased prices for some of
its crude exports in a bid to prop up revenues.
- The move follows news over the weekend that Russia and OPEC have agreed to
extend production cuts by an additional month as a part of coordinated efforts
to stabilise the market.
- Nonetheless, there remain some concerns over the sustainability of aggregate
cuts if some members do not fully comply with the agreement.
Energy BulletsCommodities
Energy BulletsCommodities

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