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

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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

Ramaphosa Lifts SA's State of Disaster; Fuel Price Rises Kick In

SOUTH AFRICA

LOCAL NEWS

  • Ramaphosa lifts the state of disaster after more than two years of implementation noting that the pandemic had moved to a new phase.
    • Notes certain provisional regulations would stay in effect for 30-days including mask wearing indoors, some restrictions of gathering size, TERS scheme and the R350 SRD grant with Govt finalising regulations to allow it to continue. Govt estimates that the TERS scheme provided R59bn in support – BusinessTech
  • New fuel price increases set to be implemented from today. Petrol 93 will go up by 28c per litre and 95 by 36c, while diesel will see the steepest increase with a hike of R1.52. this comes after Govt stepped in to offset rising prices with a R1.50/L cut to fuel levies worth R6bn for the Treasury – SABC news
  • Little progress was noted in the first week of public sector wage talks with Govt last week. Three days of talks were held and only one union allegedly walked out of proceedings.
    • Unions have said they intend to fight Govt’s drive to cut expenditure and keep real wage levels neutral to aid the fiscal consolidation with analysts warning of risks to extended strike action surrounding this year’s talks – News24

Data:

  • 0815: March S&P PMI exp at 50.0 vs 50.9 prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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.