MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI BRIEF: NZ CPI Prints Lower Than Expected At 3.3% Y/y

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1318 WED VS 7.1328

June Exports Miss, Electronic Exports Fall, Lagging Other Parts Of Asia

EZ/UK Bond Supply Calendar: Greece, UK, Germany Due Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction on Wednesday

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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Shadow of virus leaves recovery left..........>

FOREX
FOREX: Shadow of virus leaves recovery left wanting
- The protracted downside in global equities Monday raised hopes of a decent
bounce across Asia and Europe but this failed to materialise, leaving stock
markets nursing losses. Mainland European bourses are lower by around 0.5%,
allowing traders to carry through the themes seen Monday. This has resulted in
further JPY and CHF strength, but the Swiss currency is lagging slightly which
may raise suspicion that the SNB are becoming more active in defending FX.
- GBP is trading nicely, but headlines and newsflow are few and far between.
Market focus turns to the publication of the EU/UK positions ahead of Brexit
negotiations. Formal talks begin next week and today the EU27 meet to sign off
on Barnier's negotiating mandate.
- High beta FX remains offered, with NZD bearing the brunt. NZ PM Ardern
confirmed that the ban on inbound travel from mainland China will be extended
for another 8 days.
- US February consumer confidence is the sole release Tuesday with speeches due
from BoC's Lane and Fed's Clarida.
Energy BulletsCommodities
Energy BulletsCommodities

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