MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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Wires: Salvini-Gov't Working on EUR5bn Decree To Ease Energy Price Crisis

ITALY

Wires and social media relaying unconfirmed reports that head of the right-wing populist League Matteo Salvini has stated that the gov't is working on an emergency decree worth EUR5bn intended to ease the energy price crisis currently hitting households in Italy and Europe.

  • Salvini's claim appears to back up an MNI article outlining potential divisions between PM Draghi and his ministers as the PM calls for accelerated efforts to reach EU goals to recieve COVID-19 aid funding.
  • "A taste of problems ahead has come in recent days as both parties push for a spending package to counter the effects of rising energy costs on families and small companies, a push to which Draghi is likely to respond with only limited measures."
  • For full article see 'MNI: Draghi To Get Tough On Ministers In Push For EU Cash"
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