MNI China Daily Summary: Monday, August 12

MNI: PBOC Net Injects CNY73.83 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1458; +0.45% Y/Y

CHINA PBOC CONDUCTS CNY74.5 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1458 MON VS 7.1449

MNI BRIEF: Brazilian July Inflation Up To 4.50%

MNI: BAKER HUGHES US RIG COUNT 588; OIL RIGS 485; GAS RIGS 97

Canada Unemployment Holds Steady While Wages Still Run Hot

EZ/UK Bond Supply Calendar: UK APF Due Next Monday

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Summary – August 12

LATAM
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • The BCB will release its Focus survey on Monday, with eyes on the latest inflation and Selic rate forecasts. Meanwhile, the BCCh will publish its economist survey, including analyst forecasts for interest rates. Elsewhere, Mexico and Colombia July consumer confidence will cross. In the US, there are no notable speakers on the docket today, while on the data front, the focus this week will be on US inflation data due Wednesday.
  • Global news:
    • US / CHINA - The recently established US-China Financial Working Group is set to meet for discussions about financial stability and curbing the flow of fentanyl. A group of senior Biden administration officials is traveling to Shanghai this week for a round of high-level meetings intended to keep the economic relationship between the United States and China on stable footing amid mounting trade tensions between the two countries.
    • CHINA - At least four Chinese brokerages have started fresh measures to cut back trading of domestic government bonds beginning last week, people familiar with the matter said. The brokers reduced the trading of sovereign debt with one of them even suspending transactions in some maturities, the people said. While most of the firms called it a voluntary move, one person said the change came following guidance from the authorities.
    • COMMODITIES - Copper extended its rebound from the lowest close in five months as fears over a possible global recession eased. The metal rose late last week following signs of resilience in the US labour market, paring a fifth week of losses driven by fears rippling through global markets over worsening economies including the world’s biggest. Sentiment improved further on Monday with markets shifting focus to key US data prints this week.
279 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The BCB will release its Focus survey on Monday, with eyes on the latest inflation and Selic rate forecasts. Meanwhile, the BCCh will publish its economist survey, including analyst forecasts for interest rates. Elsewhere, Mexico and Colombia July consumer confidence will cross. In the US, there are no notable speakers on the docket today, while on the data front, the focus this week will be on US inflation data due Wednesday.
  • Global news:
    • US / CHINA - The recently established US-China Financial Working Group is set to meet for discussions about financial stability and curbing the flow of fentanyl. A group of senior Biden administration officials is traveling to Shanghai this week for a round of high-level meetings intended to keep the economic relationship between the United States and China on stable footing amid mounting trade tensions between the two countries.
    • CHINA - At least four Chinese brokerages have started fresh measures to cut back trading of domestic government bonds beginning last week, people familiar with the matter said. The brokers reduced the trading of sovereign debt with one of them even suspending transactions in some maturities, the people said. While most of the firms called it a voluntary move, one person said the change came following guidance from the authorities.
    • COMMODITIES - Copper extended its rebound from the lowest close in five months as fears over a possible global recession eased. The metal rose late last week following signs of resilience in the US labour market, paring a fifth week of losses driven by fears rippling through global markets over worsening economies including the world’s biggest. Sentiment improved further on Monday with markets shifting focus to key US data prints this week.