MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

Copper Weakness Adding Further Pressure On CLP

CHILE
  • Copper futures have declined around 2% on Tuesday and are marginally weighing on the Chilean peso, extending the weak price action on Monday, although intra-day CLP losses are broadly in line with regional peers.
  • Latam FX is underperforming in the face of the weaker greenback following the surprisingly large decline for US JOLTS job openings to 9.93M (cons 10.50M) and the subsequent downward pressure for major equity indices.
  • Busy domestic docket for Chile with the central bank decision and the monetary policy report over the next 24 hours. Focus will then be on Thursday’s March CPI print where the annual headline rate is expected to drop to 11.1% Y/y.
  • The percentage of banks in Chile that reported stricter conditions for corporate loans fell in the first quarter, according to the latest survey of bank loans from the Central Bank of Chile. Full survey here: https://www.bcentral.cl/contenido/-/detalle/encuesta-creditos-bancarios-primer-trimestre-2023
  • As a sidenote, the World Bank have released a report earlier today where they state Latin America and the Caribbean will experience only modest growth this year as the region’s economies suffer from high interest rates and falling commodity prices.
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.