MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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

Potential Green Light For Lula 2022 Run

BRAZIL
  • USDBRL reacted in line with broader global sentiment yesterday, falling around 0.7%. The pair will likely find support at the April lows of 5.54. The move lower in US yields eased the pressure on the DI curve where swap rates shifted lower by between 10-15 basis points in the belly and long-end.
  • The path for a likely new presidential run by Luiz Inacio Lula da Silva became clearer after Brazil's top court backed one of its justices who had tossed out all criminal convictions against the leftist icon. The court voted 8-3 to reject an appeal presented by the Attorney General's office.
    • Lula does not rule out being a candidate for vice in 2022, according to allies. (Globo)
  • Overnight, 73,174 confirmed cases in the last 24 hours with the death toll rising by 3,560 according to Health Ministry data.
BulletEM BulletEmerging Market News
BulletEM BulletEmerging Market News

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.