MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: China CFETS Yuan Index Down 0.05% In Week of Jul 19

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

MNI BRIEF: PBOC Cuts 7-Day Repo Rate By 10bp

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

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

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

Busy Data Schedule Headlined By Mexico Q3 GDP, BanRep Decision

LATAM
  • A busy start to the session in LatAm with Mexico third quarter GDP headlining the data calendar. Additionally, we will receive Brazil unemployment rate and various activity data in Chile, including copper production and retails sales figures for September. Colombia will publish unemployment rate data before the BanRep policy decision later in the session, where all analysts are expecting the central bank to maintain rates at 13.25%.
  • JAPAN: With markets geared for a potential formal tweak to yield curve control from the Bank of Japan, asset markets were disappointed by no headline change to policy, and merely a more flexible approach to policy-setting. Resultingly, markets have interpreted the decision dovishly, tipping JPY lower against all others in G10. USD/JPY is rallying back toward the cycle highs at 150.78, while EUR/JPY makes a clear break to cycle highs.
  • EUR: Euro area headline inflation tumbled in October, falling more than expected by analysts to within a percentage point of the European Central Bank's price target, according to Eurostat. Headline inflation was 0.1% month on month and the annual rate fell to 2.9% from the previous 4.3%, the lowest since July 2021. Core inflation also fell, albeit at a more modest pace, coming in at 4.2%, down from 4.5% in September.
  • USD: Despite the USDJPY strength, the USD index sits 0.15% in the red with equities maintaining their firmer footing from Monday. Focus ahead turns to the MNI Chicago PMI and US consumer confidence, the highlights on the data docket.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.