Trial now
ITALY DATA

Italian Industrial Production Up in Feb

JPY

USD/JPY Reverses Overnight Gains

SILVER TECHS

Off Recent Highs

WTI TECHS

(K1) Consolidating

TOP STORIES

MNI INSIGHT: New Bill No Threat to Bank Indonesia Independence

Planned Omnibus Bill an attempt at building market credibility, not undermining central bank.

MNI BRIEF: UK Retail Sales Bounceback Picks Up Speed: BRC

Total UK sales rose to 8.3% in March 2021 compared to March 2019, while Like-for-like sales rose 8.4%, data published Tuesday by the BRC and KPMG showed.

MNI EXCLUSIVE: Fed's Lack of QE Exit Plan a Looming Challenge

Pressures remain over timing of taper debate, calming markets and the required strength of the economic rebound.

POLITICAL RISK

Indonesia's Proposed Omnibus Bill In Focus

MNI's latest Insight on Bank Indonesia and the country's proposed Omnibus Bill. On MNI Policy MainWire now, for more details please contact sales@marketnews.com

Biden, Harris Set To Meet Bipartisan Group On Infra Plan @ 1345ET

President Joe Biden and Vice-President Kamala Harris are due to meet with a bipartisan group of Congressional members today at 1345ET (1845BST, 1945CET) to gauge prospects of bipartisan support for the administration's multi-trillion dollar infrastructure and jobs plan.

  • The group consists of Senator Roger Wicker (R-MS), Sen. Deb Fischer (R-NE), Representative Garret Graves (R-LA), Rep. Don Young (R-AK), Sen. Maria Cantwell (D-WA), Sen. Alex Padilla (D-CA), Representative Donald Payne Jr. (D-NJ) and Rep. David Price (D-NC).
  • The invited Republicans are not viewed as traditional bipartisan deal makers in the GOP, but instead sit as the ranking members on relevant committees.
  • Even before the meeting expectations are low, with some in the GOP reported by Politico to be disgruntled at Biden's comments last week implying that Republicans refused any compromise on pandemic relief.

CSU: Soeder Best Conservative Chancellor Candidate

The presidium of Bavaria's centre-right Christian Social Union (CSU) has officially backed party head and Bavarian Minister-President Markus Soeder as its chancellor candidate, showing the party has not yet given up on the prospect of their leader going into the September federal election as the chancellor candidate for the centre-right 'Union parties'.

  • Earlier today, the presidium of the Christian Democratic Union (CDU), the centre-right party that operates in all German states except Bavaria, leant its support to CDU head and North Rhine-Westphalia Minister-President Armin Laschet to be the Union parties' chancellor candidate.
  • It is unclear where the two parties go from here. Soeder will likely need to rally significant support among CDU Bundestag members to get the nomination. His strong opinion polling support - far in excess of that recorded for Laschet - could spur such an outcome.

Merkel Says 3rd Wave 'Toughest' As Sputnik Links Violate US Sanctions

German Chancellor Angela Merkel has stated that the third wave of COVID-19 infections and the associated lockdowns are likely to be the toughest Germany has faced, adding that the number of new cases being recorded is 'far too high'.

  • Merkel's comments come as Germany's Bild reports that plans by the federal gov't, as well as the gov'ts of Mecklenburg-West Pomerania and Bavaria, to purchase Russia's Sputnik V vaccine could breach US sanctions related to the poisoning of Russian dissident Alexei Navalny.
  • Two of the research organisations involved in the development of Sputnik V are under US sanctions for their alleged role in producing the novichok nerve agent that nearly killed Navalny in 2020.
  • Germany already facing US ire over the continued construction of the Nord Stream II gas pipeline from Russia. Purchasing Russian vaccines in breach of US sanctions would only intensify Washington, D.C's feelings on the matter further.

MARKET NEWS REAL-TIME COVERAGE

promo block
Watch Now

MNI's March 30th Webcast with Fed's Kartik Athreya