MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

CREDIT UPDATE: € Credit Close

CREDIT UPDATE
  • The weekend Biden news was in focus first thing, with a downshift in Trump’s odds giving a bid to govts. The PBoC rate action was also supportive. That strength faded from mid-morning with no obvious catalyst other than risk-on sentiment. DBRs / USTs are left +1/-1bp.
  • China action helped risk sentiment, with €IG stocks +0.9%, led higher by Financials and Tech. Only Communications was in the red with some drag from Verizon -6%. Other notable movers include Ryanair -16%, EasyJet -7%, Rentokil +9%, PostNL +6%. SPX / SXXP left +0.6%/+1.2%.
  • €IG cash closes around 1bp tighter despite some large moves wider. THAMES was down 1-2pts; airlines were up to 10 wider. RTOLN above par bonds widened 18-32bp on PE speculation, while the low price 28s close 62bp tighter due to CoC optionality. HMSOLN moved 15bp tighter following asset sales.
  • CDS reflected the risk on move, Main / XO close at 53.0 / 292, -1.4/-5.
BulletCredit Bullets
BulletCredit Bullets

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.