MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

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Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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US Retail Gasoline Prices Keep Rising

ENERGY

US nationwide average gasoline retail price rises to $4.598 per gallon another record high and up >51% y-on-y, based on AAA motoring club data.

  • Higher gasoline prices have had limited impact on gasoline demand across the US. This weekend marks the US Memorial Day holiday and the start of the US driving season when gasoline demand is at its highest seasonally.
  • The White House is exploring a range of measures to try and supress rising prices but so far, they have had limited impact while higher demand will likely see further upward pressure.
  • The US East Coast in particular is facing gasoline tightness due to a lack of refining capacity and less volumes available to import from European and Canadian markets which also face tightness.
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