China will reportedly adjust tax exemptions on New Energy Vehicles
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BofA's weekly flow report notes USD 25.5bln out of cash, USD 5.0bln out of stocks, USD 16.6bln into bonds, USD 0.5bln out of gold
Russia's Ural crude prices at Western Ports have reportedly dropped 60% since its Mach peak, to below USD 45/bbl, sources suggest
China will reportedly adjust tax exemptions on New Energy Vehicles
China PCA vehicle sales (Jun): 9% M/M (prev. 9%), -21% Y/Y (prev. -22.1%)
German New Car Registrations YoY (Jun) Y/Y 15.7% (Prev. 0.1%)
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- The current policy allows a 50% purchase tax reduction
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