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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Asia Sovs Steady Ahead Of US CPI, PH Defense Spending To Increase

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

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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Pelosi Seeks To Have Infra Package Passed In House By 4 July

US

Speaker of the House of Representatives Nancy Pelosi has stated that she is seeking to have the multi-trillion dollar infrastructure package set to be outlined today by President Biden passed in the House by 4 July.

  • Backs up our earlier observation (see 1037BST bullet) that Dems in Congress and the WH will not hang around seeking bipartisan support, but will look to get the package rammed through Congress ASAP.
  • Separately, WH Press Sec Jen Psaki speaking to MSNBC says that the administration will have more tax plans to announce in the coming weeks. So far only planned corporation tax hike and crackdown on corporate offshoring announced.
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