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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US Crude Stockpiles Likely Unchanged: WSJ

OIL

US crude oil inventories are expected to be largely stable on the week when the EIA released the data Oct. 25, based on a WSJ survey.

  • The average estimated change across ten analysts and traders surveyed by the WSJ is a rise of 10k bbl.
  • Four forecasters are predicting a decrease, with six expecting an increase. The expectations ranged from a 3m bbl increase to a 2.2m bbl increase.
  • Based on the survey, gasoline inventories will fall by 0.3m bbl, with the range of responses from a 2.5m bbl fall to a 1.5m bbl rise.
  • Distillate stocks are expected to fall by 1.1m bbl, with a range of responses between a 2.9m bbl fall to a 1.1m bbl rise.
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