MNI China Daily Summary: Friday, September 6

MNI BRIEF: China To Address Consumption In Next Five-year Plan

MNI: PBOC Net Injects CNY111.4 Bln via OMO Friday

CHINA PBOC CONDUCTS CNY141.5 BLN VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.0925 Fri; +2.94% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.0925 FRI VS 7.0989

MNI: EUROZONE Q2 GDP +0.2% Q/Q, +0.6% Y/Y

MNI: FRANCE JUL INDUSTRIAL PRODUCTION -0.5% M/M, -2.2% Y/Y

MNI: GERMANY JUL EXPORTS +1.7% M/M; IMPORTS +5.4% M/M

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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US gasoline prices may fall below $3/gal: Dow Jones

OIL PRODUCTS

US gasoline prices may fall below $3/gal during the Christmas period, according to Down Jones and OPIS.

  • "Falling gasoline prices will give people confidence that their fuel bill will be a nice surprise" as drivers take to the road for the holiday travel period, said Denton Cinquegrana, chief oil analyst at the Oil Price Information Service (OPIS), a Dow Jones company.
  • As Dec. 11, the average national price for regular unleaded gasoline stood at $3.153 a gallon, down from $3.242 a week ago, and down from $3.376 a month ago, according to AAA.
  • AAA said it expects 115.2 million domestic travellers to head 50 miles or more from home over the 10-day holiday travel period from Dec. 23-Jan. 1, a 2.2% increase on the year and the second highest year-end travel forecast since AAA’s records began in 2000.
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