CANADA JULY CPI +2.5% YOY, SLOWEST SINCE MARCH 2021

MNI China Daily Summary: Tuesday, Aug 20

China Repo Rates Rise On Tuesday

MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1325 Tues; +2.12% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US REDBOOK: AUG STORE SALES +4.8% V YR AGO MO

MNI: US AUG PHILADELPHIA FED NONMFG INDEX -25.1

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Eskom Cranks Up Loadshedding

SOUTH AFRICA
  • Eskom have notified for further outages today, cutting 2,000MW off the grid from 10am until midnight. The notification marks an increase in loadshedding against the previously announced schedule.
  • In a statement released late yesterday, the COSATU unions are in discussions with the government to equalise wages for workers in the expanded public works and community work programmes. The government most recently updated South Africa’s minimum wage on 1 March 2022, with the amount set at R23.19 for each ordinary hour worked, representing an increase of 6.9% from the minimum wage set in 2021.
  • After months of delays and – reportedly R1bln in costs – the Zondo Commission are due to hand over their final graft report to President Ramaphosa today. EWN cites concerns that the delays had been due to interference from the President’s office – a claim denied by both the President and the chief justice.
  • Barclays have boosted their 2022 GDP forecast, now seeing growth at 2.2%, up from their prior view of 1.5%.
  • Focus turns to the May CPI release, with Y/Y CPI seen climbing to 6.1% from 5.9%, while core climbs to 4.1% from 3.9% previously.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.