MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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South Korea Considers SPR Release if Middle East Conflict Escalates

OIL

South Korea could release oil from its strategic petroleum reserve if there is an escalation of the Israel-Hamas conflict to other parts of the Middle East according to Korea National Oil Co.

  • KNOC has formed a group of five teams responsible for monitoring and responding to the rising geopolitical risks according to Bloomberg. Including considering an SPR release and checking crude import plans.
  • The status of nine storage sites holding crude oil, products and LPG is to be checked. In June the storage was 96mbbls, excluding international joint stockpiling volumes, compared to capacity of 146mbbls.
Energy BulletsCommodities
Energy BulletsCommodities

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