MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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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Tri-Lateral Talks Digested, Banxico Governor Scheduled To Speak

MEXICO
  • President AMLO urged U.S. President Joe Biden to reduce North America's imports and to loosen immigration restrictions in order to ease labour shortages, during tri-lateral talks in Washington on Thursday.
  • North American nations should work to more closely integrate their economies and to reduce imports in order to compete with China, AMLO said. He also commented on the need for the country's electricity reform, but it wasn't a topic of discussion.
    • Foreign Minister Ebrard said U.S. will help with Mexico's development initiatives in Central America, adding that Mexico is to work with Canada on hydroelectric modernization.
    • Furthermore, Ebrard said the next leaders' summit would be in Mexico City in 2022.
  • Weighing global risk appetite, stemming from fresh Covid concerns in Europe has dampened the performance of EMFX on Friday. As such USDMXN finds itself towards the best levels of the week just above 20.85. Key resistance is unchanged at 20.9790, Nov 3 high.
  • Central Bank Governor Alejandro Diaz de Leon is scheduled to speak at an event hosted by the Mexican Institute of Finance Executives (IMEF). Remarks scheduled for 2:45pm Mexico City Time.
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