MNI China Daily Summary: Tuesday, July 9

CORRECTED-MNI: China H2 Steel Outlook Subdued

MNI BRIEF: Gradual, but Decisive ECB Cuts Needed –Giorgetti

MNI BRIEF: Mexico Inflation 4.98% In June, Above Consensus

MNI BOK WATCH: Slowing Inflation Puts Q4 Cut In Sight

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

June CPI: Surprise Unlikely To Shift Norges Bank Cut Expectations

MNI: US REDBOOK: JUL STORE SALES +5.7% V YR AGO MO

Weak May Releases Raise Further Recovery Into Question

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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Orban Says Brussels' Affairs Must Be Put in Order

HUNGARY
  • Brussels' affairs must be put in order and the European Parliament elections next year will offer a good opportunity for that, Prime Minister Orban said in an interview to Mediaworks over Christmas. "The EU has gradually weakened over the past years… it has been unable to substantially move forward in boosting its self-defence capabilities and to tackle the conflicts in its vicinity in line with its own interests," he said.
  • The Hungarian economy is seeing "more and more encouraging results, but under no circumstances can we sit back", Economic Development Minister Nagy told Vilaggazdasag in an interview cited by MTI. Not only had the government protected jobs, but employment continued to rise and the number of registered jobseekers fell to a historic low this year, Nagy added.
  • No local data releases until Jan 02, which sees Manufacturing PMI for December.
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