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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.
FINANCIALS
China RRR cut: further to this, worth pointing out that sort of liquidity injection is not unheard of for the PBOC and the destress stimulus it puts into the banking sector can be meaningful.
- HSBC (HSBA LN) and Standard Chartered (STAN LN) are the two European banks with most to gain here and recall that HSBC CEO Tucker was in Beijing on Monday meeting Chinese VP Han. There’s a lot at stake politically for these banks (let alone economically).
- Both of these banks’ equity has underperformed the SX7P index (see graphic), StanChart very meaningfully since Oct-23 so has more to gain and, considering the key risk identified by the equity market was credit quality, this could well flow through to the credit stack.
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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