MNI China Daily Summary: Wednesday, June 12

MNI BRIEF: Beijing Willing To Safeguard Chinese Firms - MOFCOM

MNI BRIEF: China May CPI Flat At 0.3% Y/Y

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1133 Weds; -1.75% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Rather Encouraging CPI Details Despite Services Acceleration (2/2)

Rather Encouraging CPI Details Despite Services Acceleration (1/2)

UK GDP a tenth higher than expected driven higher by services

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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Ramaphosa Tightens Covid-19 Restrictions to Level 3

SOUTH AFRICA

LOCAL NEWS (Public holiday, Youth Day)

  • Ramaphosa moves SA to level 3 lockdown following a sustained rise in Covid cases with regulations taking effect immediately.
    • Gathering sizes were curbed to 50 people, curfew was brought earlier (10pm-4am) and alcohol purchases were limited to Mon-Thurs
  • Ramaphosa says SA has the capacity to vaccinate 150k people/day with a plan to increase to 250k/day in the near future.
    • Notes hospital admissions 59% higher in the last 14 days and new cases at 8,436 yesterday, while doctors warn of a shortage of beds in Gauteng
  • Suspended ANC SG Magahsule is still pressing for the step aside rule to be dropped, saying it is unconstitutional and that his suspension of Ramaphosa must be enforced. The mater will be heard in court next week (25-25 June)
  • Auto Association says SA may see a slight petrol price decrease in July at R0.06/L, but an increase in diesel of R0.2/L & R0.14/L in paraffin.
    • Notes that more upside in oil could see price increasing going ahead
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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