MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI: US Q2 GDP +2.8%

MNI: US JOBLESS CLAIMS -10K TO 235K IN JUL 20 WK

MNI:US JUN DURABLE NEW ORDERS -6.6%; EX-TRANSPORTATION +0.5%

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

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Poland Looking at Legal Reform to Boost Gas Security

NATURAL GAS

Poland is working on special legal measures surrounding its gas market to allow a swifter reaction if the supply situation deteriorates further.

  • "An exceptional situation on global energy markets caused by Russia's aggression on Ukraine and surging gas prices... create a necessity for special legal measures that allow for a real-time reaction if the situation deteriorates further," the government said.
  • Proposals include allowing gas trade outwith the Warsaw exchange and contingency gas storage plans. The country is boosting its storage capacity which is low at 3.2 bcm versus annual demand of 20 bcm.
  • Poland has been cut off from Russian gas since April. Domestic storage is nearly 100% full but the country will be impacted by cross-border deliveries if flows to Europe stop.
Energy BulletsCommodities
Energy BulletsCommodities

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