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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
Broad risk off surrounding headlines of US....>
CHINA: Broad risk off surrounding headlines of US proceeding with the
extradition of Huawei's CFO have outweighed any positive impact on markets from
the relatively strong GDP print. Real GDP growth came in at 1.0% q/q s.a. vs
expectations of 0.6%, while y/y growth hit 3.1%.
- News of new undeclared missile bases been discovered in North Korea may also
have tainted risk.
- USDKRW has extended its break above down trendline resistance from the Oct
highs with bulls now targeting 1134.0 to establish a new high.
- Rate markets have not helped the won's cause with 2 year swaps dropping 2.5bps
back below the 1.80% pivot level. The correlation between Korean and US short
term rates has risen lately and we expect the BOK to strike a neutral tone at
its upcoming Thursday meeting.
To read the full story
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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.