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

Japan May Machine Orders -3.2% M/M

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

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PNV 'No' Means PP Cannot Form Gov't-PSOE Or Snap Elections Only Options

SPAIN

The centrist regionalist Basque Nationalist Party (EAJ-PNV) released a statement late on 24 July stating that they had informed centre-right Popular Party (PP) head Alberto Núñez Feijóo that the PNV would not be negotiating with the PP to form a gov't following the 23 July election. The refusal of the PNV, as well as the single deputy from the Canarian Coalition, to work with the PP on account of the party looking set to form a gov't with the right-wing nationalist Vox effectively makes it impossible for the leader of the largest party in the Congress of Deputies to win an investiture vote.

  • As a result, the only post-election scenarios possible now is a centre-left PSOE-led administration under incumbent PM Pedro Sanchez or snap elections.
  • The formation of a Sanchez gov't is likely to prove rancorous and lengthy. It would require almost every minority party in the Congress of Deputies to back the PSOE in an investiture vote, assuming that all 169 deputies from the PP and Vox combined vote against Sanchez.
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.