MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +41.2B CAD IN APR

MNI: US NY FED EMPIRE STATE MFG INDEX -6.0 JUN

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Powell Begins Prepared Statement:

FED
  • Says measures the Fed has undertaken incl additional guidance for asset purchases "will continue to deliver powerful support to the economy until the recovery is complete".
  • Discusses econ situation. Notes pace of GDP growth has moderated since Q3 jump. Notes again that Federal stimulus payments / unemp benefits have provided "essential support" to households. Repeats that activity remains well below pre-pandemic and path ahead remains "highly uncertain".
  • Notes weak November payrolls, and that while unemp rate has continued to decline, it remains elevated. And despite much progress in the labor market since the spring, millions of Americans still out of work.
  • Though notes FOMC's projections for median unemp rate <4% by 2023, points to disparities among American workers.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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