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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Strikes Continue At Total’s Refineries, Exxon’s Fos Site

OIL

Strikes blocking fuel deliveries from French refineries continued for a sixth day on Monday, after the Senate voted over the weekend to adopt President Emmanuel Macron's pension reform plan according to Reuters and a TotalEnergies spokesperson.

  • TotalEnergies' refineries and depots remained blocked, a spokesperson said.
  • Industrial action at Total’s Donges refinery was scheduled to last until 16 March, while strikes at Total’s Feysin and Gonfreville refineries were expected to continue until 14 March.
  • At the TotalEnergies' Haulchin petrol depot in northern France a few hundred unionists joined a picket line and burned tyres, stopping a number of trucks from entering or leaving, before police came and cleared the blockade according to Reuters.
  • ExxonMobil's Esso's Fos refinery in France was also blocked, a CGT union spokesperson said. Strikes at the refinery were initially scheduled to end last Thursday.
  • An Additional day of nationwide strikes is planned for Wednesday.
  • There was no strike at the Port Jerome site, but that could resume on Wednesday, the union spokesperson said.
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