MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1285 Thurs; -1.29% Y/Y

CHINA PBOC CONDUCTS CNY49 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1285 THU VS 7.1318

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

Australia Jun Unemployment Rate 4.0%

Japan Jun Exports +5.4% Y/Y; Imports +3.2% Y/Y

MNI:AUSTRALIA JUN UNEMPLOYMENT RATE +4.1%

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

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

Reformist To Face Hardliner In Presidential Run-Off

IRAN
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletEmerging Market NewsPolitical Market News

The Iranian presidential election will go to a second round run-off on Friday 5 July, with reformist candidate Massoud Pezeshkian up against conservative hardliner Saeed Jalili to succeed the late Ebrahim Raisi, who perished alongside Foreign Minister Hossein Amirabdollahian in a helicopter crash in May. This will be only the second presidential election since the 1979 revolution to go to a run-off following the 2005 contest that brought Mahmoud Ahmadinejad to power.

  • In the 28 June first round Pezeshkian won 44.3% of the vote, with Jalili on 40.3%. Speaker of the Iranian parliament Mohammad Bagher Ghalibaf caome in a distant third place with 14.3% support.
  • Betting markets see Jalili as the favourite, with Polymarket giving the former nuclear negotiator a 66% implied probability of winning.
  • Turnout in the first round is believed to be around the 40% mark, the lowest in Iran's history and a blow to Supreme Leader Ayatollah Ali Khamenei who has made very public pronouncements calling for Iranians to turn up in significant numbers at the ballot.
  • The Iranian president is an important figure in international relations, but most power in terms of policy setting resides with the Supreme Leader. Pezeshkian and Jalili come from the reformist and principalist camps respectively but both are fully supportive of the Ayatollah, meaning any significant break from Iran's recent policy direction is unlikely no matter the outcome of the election.
228 words

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.

The Iranian presidential election will go to a second round run-off on Friday 5 July, with reformist candidate Massoud Pezeshkian up against conservative hardliner Saeed Jalili to succeed the late Ebrahim Raisi, who perished alongside Foreign Minister Hossein Amirabdollahian in a helicopter crash in May. This will be only the second presidential election since the 1979 revolution to go to a run-off following the 2005 contest that brought Mahmoud Ahmadinejad to power.

  • In the 28 June first round Pezeshkian won 44.3% of the vote, with Jalili on 40.3%. Speaker of the Iranian parliament Mohammad Bagher Ghalibaf caome in a distant third place with 14.3% support.
  • Betting markets see Jalili as the favourite, with Polymarket giving the former nuclear negotiator a 66% implied probability of winning.
  • Turnout in the first round is believed to be around the 40% mark, the lowest in Iran's history and a blow to Supreme Leader Ayatollah Ali Khamenei who has made very public pronouncements calling for Iranians to turn up in significant numbers at the ballot.
  • The Iranian president is an important figure in international relations, but most power in terms of policy setting resides with the Supreme Leader. Pezeshkian and Jalili come from the reformist and principalist camps respectively but both are fully supportive of the Ayatollah, meaning any significant break from Iran's recent policy direction is unlikely no matter the outcome of the election.