MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Brazil Retail Sales & Argentina CPI Highlight Local Docket

LATAM
  • Ahead of the June FOMC decision, Brazil will report April retail sales data and Chile’s central bank will publish the latest traders survey ahead of the June decision on Monday. Argentina May CPI rounds off Wednesday’s calendar, where annual inflation is expected to rise to 116.40%.
  • Cash Treasuries have seen some cheapening pressure as the US comes in, taking to lows for the day seen just after the open before a bid developed through Asia hours despite a lack of drivers.
  • The FOMC’s tightening cycle is likely to “skip” June’s meeting, with the Committee holding rates at 5.00-5.25% while signalling that it currently expects to hike at the following meeting in July.
  • On Thursday, the ECB will likely hike rates by 25bp and confirm the previous decision to end APP reinvestments in July. Absent a sharp drop in core inflation, we would expect the ECB to hike again in July. Even if the ECB were to raise rates further in September, this would likely be the last turn of the screw.
  • Outside of the Fed decision, the May US PPI report will also be keenly watched. Markets watch for PPI to slow moderately on a final demand basis, falling 0.1% on the month from April's +0.2%.
BulletEM BulletEmerging Market NewsHomepageEuropean Central Bank (ECB) Market NewsFOMC Calendar Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.