MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

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

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

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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Schumer Asks Senate For UC To Raise Debt Ceiling By Simple Majority

US

Senate majority leader Chuck Schumer (D-NY) has stated that he will seek unanimous consent to allow for the suspension or the raising of the debt ceiling by a simple majority vote, rather than the 60 required at present.

  • Grace Segers at New Republic tweets: "Schumer says he will ask for unanimous consent to increase the debt limit with a simple majority, instead of a 60-vote threshold - asking Republicans not to filibuster. "Let's see if Leader McConnell truly wants what he's asking for," Schumer says. "It is a way out. It is a straightforward proposition. If Republicans really want to see the debt ceiling raised without providing a single vote, I'm prepared to have that vote," Schumer says. No indication that Republicans will agree to this."
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