MNI China Daily Summary: Tuesday, July 30

MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI: EUROZONE Q2 PRELIM FLASH GDP +0.6% Y/Y

MNI: EUROZONE Q2 FLASH GDP +0.3% Q/Q

MNI: NORTH RHINE WESTPHALIA CPI +0.3% M/M, +2.3% Y/Y

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

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US LNG Project Pause Draws Concerns in Democrat Party

LNG

US President Joe Biden is facing pushback in his own Democrat party over his pause on approving new LNG projects.

  • Democratic U.S. Senator Michael Bennet said on Sunday that it could undercut US efforts to supply gas to Europe as it replaces Russian exports.
  • The Republican led US House of Representatives last week passed a bill that would strip away Biden's power to freeze approvals of the gas exports but faces uphill odds in the Democratic-run Senate.
  • A European Commission official said last week that Biden's decision will have no effect on US supplies to Europe over the next two or three years.
Energy BulletsCommodities
Energy BulletsCommodities

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