MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Stimulus Cash, Unemploy't Boost In COVID Bill, Liability Out: Politico

US PRESS

Politico's Burgess Everett tweets details of what he says is in, might be in, and out of the compromise COVID-19 aid bill:

  • "In the deal:-Stim check of $600-700-Unemployment weekly boost $300- $325bish for small business, $257b for ppp [paycheck protection programme]. ?: Schumer + Rs still battling over billions for idled venues and restaurant funding. Out: State/local [funding], liability [protection]."
  • If this is the case it would mark a major climbdown for Senate majority leader McConnell, who had previously stated liability protection for businesses was a prerequisite of a deal. However, the total amount of the package, around USD900bn, seems closer to Senate Republican numbers than those of House Democrats.
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