MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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Q1 GDP Data Scheduled, April Trade Balance

BRAZIL
  • Brazil’s GDP is expected to have risen 3.1% in the first quarter on a yearly comparison, according to analysts’ estimates surveyed by Bloomberg. National statistics agency IBGE releases the report at 1300BST/0800ET:
    • Q1 GDP Q/q, est. 1.3%, prior -0.2%
    • Q1 GDP Y/y, est. 3.1%, prior 1.9%
    • Q1 GDP 4Qtrs Accumulated, est. 3.0%, prior 2.9%
    • Additional data is also scheduled on Thursday with both the S&P Manufacturing PMI and April trade balance expected.
  • Despite USDBRL strengthening in early trade on Wednesday, the currency pair reversed steadily lower into the close and registered meagre gains on the session with potential month-end dynamics impacting the price action. Recent gains have resulted in a break of both the 20- and 50-day EMAs and a breach of resistance at 5.0891, the Apr 19 high. The potential false break on Wednesday will be monitored closely through the rest of the week.
  • Brazil President Luiz Inacio Lula da Silva called an emergency meeting of allies and ministers Wednesday morning, as he seeks to avoid a congressional defeat that could throw his government into chaos. (BBG)
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