MNI BRIEF: Japan Nov Tokyo Core CPI Rises 2.2% Vs. Sept 1.8%

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: GERMANY NOV CPI +2.2% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Bullion Supported By Lower US Inflation, Watch PPI Later

GOLD

Gold prices are up another 0.2% to $2019.25/oz during the APAC session after finishing 0.6% higher on Wednesday at $2014.93. Gold spiked following the lower-than-expected US headline inflation data to a high of $2028.28, which pushed the greenback lower, but soon afterwards bullion tested the $2000 level. The USD is close to flat today.

  • With core inflation in the US rising 0.1pp to 5.6%, as expected, analysts still expect the Fed to hike rates 25bp on May 3. The greater decline in the headline though has supported bullion as the market now expects monetary easing by year end.
  • Later there is US PPI data for March, which is expected to post lower annual growth rates, and also jobless claims. There are no Fed speakers scheduled. There is also euro area and UK February output data.
Energy BulletsCommodities
Energy BulletsCommodities

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.