MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

MNI DATA FORECASTS: RBA, Riksbank In Focus

MNI: US ISM JAN SERVICES COMPOSITE INDEX 55.2

RBA Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

US TSYS

Implied Vol Buoyed Post-NFP/ISM, Real Vol Delivered

US

President Biden To Conclude Infrastructure Tour In Philadelphia

US STOCKS

Late Equity Roundup: Early Support Evaporates Ahead Weekend

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 Access
Trending Top 5
Market News Topics

EC Economic Sentiment Ticks Up as Price Expectations Ease

EUROZONE DATA
MNI (London)
DataHomepagemarkets-real-timeData BulletEuropean Central Bank (ECB) Market NewsBulletMarketsFixed Income NewsForeign Exchange News

EUROZONE NOV ECO CONFIDENCE 93.7 (FCST 93.2); OCT 92.7r

  • Eurozone economic sentiment improved by one point to 93.7, with employment expectations rising by two points to 107.4 in November. More optimistic expectations and outlooks are driving the improvements.
  • In November, the 3.6-point uptick in consumer confidence largely drove the higher headline index.
  • Buoyant consumer spending despite high inflationary pressures has underpinned a marginal uptick in services confidence ahead of the holiday season appearing less likely to be affected by a Covid outbreak.
  • Yet industrial confidence weakened for the ninth month running, mirroring evidence in PMI data of falling new orders.
  • The EC report found selling price expectations eased broadly across industries and consumer expectations. This, alongside lower Spanish CPI and (anticipated) lower German CPI in today's data will be a confidence boost for the ECB that headline inflation at least is likely changing course.

150 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

EUROZONE NOV ECO CONFIDENCE 93.7 (FCST 93.2); OCT 92.7r

  • Eurozone economic sentiment improved by one point to 93.7, with employment expectations rising by two points to 107.4 in November. More optimistic expectations and outlooks are driving the improvements.
  • In November, the 3.6-point uptick in consumer confidence largely drove the higher headline index.
  • Buoyant consumer spending despite high inflationary pressures has underpinned a marginal uptick in services confidence ahead of the holiday season appearing less likely to be affected by a Covid outbreak.
  • Yet industrial confidence weakened for the ninth month running, mirroring evidence in PMI data of falling new orders.
  • The EC report found selling price expectations eased broadly across industries and consumer expectations. This, alongside lower Spanish CPI and (anticipated) lower German CPI in today's data will be a confidence boost for the ECB that headline inflation at least is likely changing course.