MNI China Daily Summary: Wednesday, October 16

MNI: ITALY FINAL HICP +1.2% M/M, +0.7%Y/Y

MNI BRIEF: BOJ's Adachi Sees Conditions For Normalisation

MNI: PBOC Net Injects CNY581.4 Bln via OMO Wednesday

CHINA PBOC CONDUCTS CNY642.4 BLN VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1191 Weds; +2.66% Y/Y

MNI: US SEP IMPORT PRICES -0.4%

MNI: CANADIAN AUG MANUFACTURING SALES -1.3% MOM

US MBA: REFIS -26% SA; PURCH INDEX -7% SA THRU OCT 11 WK

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

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PERU: Finance Minister Arista Faces Vote In Congress

PERU
PeruEM BulletBulletGlobalEmerging Market NewsRegion
  • No macro data are in the calendar today, with attention on Peru’s Congress, where lawmakers will vote on a motion on whether to fire Finance Minister Jose Arista. The vote comes amid criticism over a bailout for state oil company Petroperu and a growing fiscal deficit.
  • Last week, Peru’s Fiscal Council criticised the government for failing to curb the rise in the fiscal deficit, saying that it is unlikely to hit its revised 2.8% of GDP fiscal deficit ceiling for this year. After missing the 2023 fiscal ceiling, the Fiscal Council said that further non-compliance would seriously weaken the fiscal credibility of the country, with possible credit rating implications.
  • Speaking in Congress yesterday, after robust August economic activity data, Arista said that he expects GDP growth to be very good in the coming months, with the economy growing over 3.1% this year and at least 3.0% in 2025.
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  • No macro data are in the calendar today, with attention on Peru’s Congress, where lawmakers will vote on a motion on whether to fire Finance Minister Jose Arista. The vote comes amid criticism over a bailout for state oil company Petroperu and a growing fiscal deficit.
  • Last week, Peru’s Fiscal Council criticised the government for failing to curb the rise in the fiscal deficit, saying that it is unlikely to hit its revised 2.8% of GDP fiscal deficit ceiling for this year. After missing the 2023 fiscal ceiling, the Fiscal Council said that further non-compliance would seriously weaken the fiscal credibility of the country, with possible credit rating implications.
  • Speaking in Congress yesterday, after robust August economic activity data, Arista said that he expects GDP growth to be very good in the coming months, with the economy growing over 3.1% this year and at least 3.0% in 2025.