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, UK Impose New Sanctions, Still No Agreement At From EU

RUSSIA

White House releases a statement on the latest round of sanctions to be imposed on Russia. US actions include: 'Full blocking sanctions on Russia’s largest financial institution, Sberbank, and Russia’s largest private bank, Alfa Bank', 'prohibition on new investment in Russia by U.S. persons wherever located', Full blocking sanctions on critical major Russian state-owned enterprises', and 'Full blocking sanctions on Russian elites and their family members,'

  • Statement: https://www.whitehouse.gov/briefing-room/statement...
  • Scott Beasley at Sky News tweets: "UK new sanctions on Russia: Full asset freeze on biggest Russian bank Sberbank & Credit Bank of Moscow, Ban on all new outward investment to Russia, ‘End all dependency on Russian coal & oil’ by end of 2022 - end imports of gas ‘soon as possible thereafter’, Ban export of oil refining equipment and products to Russia, Ban on imports of iron and steel products from Russia, 8 more oligarchs targeted - mainly in energy, mining, wider industry and banking"
  • Reuters reporting that there is still no agreement at the EU level on sanctions. "EU diplomats fail to approve Russian coal ban, new package of Russia sanctions due to technical issues Reuters reported citing sources." Does say, though, that "New meeting of EU diplomats expected to find compromise on Russia sanctions on Thursday"
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