MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

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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Venezuela has until April to Meet Sanction Deal Commitments: Kirby

OIL

Venezuela’s president Nicolas Maduro has until April to honour democratic commitments made in exchange for sanction relief, according to National Security Council Spokesman John Kirby.

  • Kirby added that to date, Venezuela has not taken the steps agreed upon.
  • The six-month sanction relief on Venezuela’s energy sector will expire in April if not extended.
  • Earlier reports from officials speaking anonymously to Bloomberg said that the US will allow the sanctions relief to expire if Maduro continues to block opposition candidate María Corina Machado from running in the upcoming election set for 2024.
  • The US is also considering additional measures against Venezuela, officials said.
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