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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.
CZECHIA
- While the primary focus will be on whether this morning inflation print (CPI fell to 2.9% in May from 3.1%) will push the first CNB hike to the August 5 meeting (some participants are expecting a hike as early as June 23), there has also been some political uncertainty in Czech Republic where opposition parties have been trying to remove PM Babis from office over bad management of the Covid19 crisis and conflict of interest.
- Even though the no-confidence vote has made a lot of noise recently, it has not impacted domestic asset prices, with CZK remaining strong against the major crosses.
- Czech equities (PX Index) have continuously been testing new highs and are currently trading at a 10-year high slightly below the 1,200 resistance.
Source: Bloomberg/MNI
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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