AUSTRALIA DATA: Fall In New Jobs But Due To Part-Timers
May employment unexpectedly fell 2.5k after rising 87.6k but the unemployment rate was stable at 4.1% for the third straight month. Full-time rose 38.7k though following 58.6k in April signalling confidence in hiring decisions. The participation rate fell 0.1pp to 67%. See press release here. More details to follow.
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CHINA PRESS: China Urges U.S. To Correct Huawei Chip Curbs
Beijing has called on Washington to cease discriminatory measures and honour the Geneva consensus, according to a spokesperson for the Ministry of Commerce, following a U.S. industry warning against using Chinese semiconductors, including Huawei. Should the U.S. continue along this path, China will take firm and necessary measures to safeguard its legitimate rights and interests, the spokesperson stated. (Source: MOFCOM website)
CHINA: Central Bank Injects CNY177bn of Liquidity via OMO
- The PBOC issued CNY357bn of 7-day reverse repo at 1.4% during this morning’s operations.
- Today’s maturities CNY180bn
- Net liquidity injected CNY177 bn.
- The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.43%, from yesterday’s close of 1.60%.
- The China overnight interbank repo rate is at 1.52%, from the prior close of 1.53%.
- The China 7-day interbank repo rate is at 1.59%, from the prior close of 1.60%.
MNI: CHINA PBOC CONDUCTS CNY357 BLN VIA 7-DAY REVERSE REPO TUES
- CHINA PBOC CONDUCTS CNY357 BLN VIA 7-DAY REVERSE REPO TUES
