-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessCrude Range Trading, Conflict Fears Ease & Hope China Increases Demand
Oil hasn’t made up any of Tuesday’s losses during APAC trading today. Yesterday crude fell around 2% driven by a stronger greenback from better PMIs and stabilisation in the Middle East. Brent has been range trading and is up slightly to $88.11/bbl but off the intraday low of $87.92. WTI is flat at $83.75 after an intraday low of $83.45. The USD index is also little changed.
- The war risk premium has been reduced following US diplomatic efforts to stabilise the situation in the Middle East and increasing pressure on Israel to abandon a ground offensive. Crude markets were also reassured that the US and Saudi Arabia have been talking to ensure the conflict doesn’t escalate.
- On the demand side, China has increased the deficit ratio and issued more government bonds in an effort to stimulate the economy. There is hope that this will increase demand for oil given that China is the world’s largest importer.
- Bloomberg reported that US crude inventories fell another 2.67mn barrels after -4.38mn the previous week, according to people familiar with the API data. There was a 4.17mn barrel drawdown of gasoline stocks and -2.31mn of distillate. The official EIA data is released later today.
- Later Fed Chair Powell gives welcoming remarks and ECB President Lagarde speaks. On the data front, US new home sales and the German Ifo for September print. The Bank of Canada meets and is expected to leave rates unchanged.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.