MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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

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

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Saudi Arabia to Maintain Russia Cooperation in OPEC Deal

OIL

Saudi Arabia will continue to cooperate with Russia to maintain stability in the oil market, Saudi Energy Minister Prince Abdulaziz bin Salman told RIA Novosti Oct. 24, reported by Reuters.

  • "If it were not for this Saudi-Russian cooperation with the participation of the rest of the OPEC+ member countries, we would not have been able to achieve this stability compared to other markets, and we will continue this cooperation," he was quotes to have said, according to Reuters.
  • The Saudi Energy Minister also said earlier that the Kingdom’s current oil market strategy was working, and that a less volatile oil market would help the world grow.
Energy BulletsCommodities
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