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: US JAN S&P GLOBAL FINAL SERVICES PMI 46.8 (FLASH 46.6); DEC 44.7

EZ/UK Bond Supply Calendar: UK Medium APF Sales on Monday

EZ/UK T-Bill Calendar: Germany/Netherlands/France to issue Mon

(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

MNI: US JAN S&P GLOBAL FINAL SERVICES PMI 46.8 (FLASH 46.6); DEC 44.7

US DATA

Upward AHE Revisions Continue To Muddy Latest Trends

SOY TECHS

(H3) Resistance Remains Exposed

OIL PRODUCTS

Gulf Refined Product Flows to Europe

STIR

BLOCK, May'23 SOFR Put Spd

CORN TECHS

(H3) Resistance Remains Intact For Now

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

EU “Inching Towards” Oil Price Cap Agreement

RUSSIA
BulletEM BulletEmerging Markets NewsHomepage
  • The EU is inching its way towards a Russian oil price cap this week according to diplomats. "Consultations have been ongoing since last Wednesday and we are inching towards an agreement, we are closer and closer," one diplomat said. Poland, Lithuania and Estonia have been pushing for a cap of around $30/bbl, which is a long way from the discussions which are around the $62/bbl level.
  • Vladimir Putin’s generals are still seeking to advance in Ukraine’s eastern Donbas region despite suffering “extremely large losses,” Volodymyr Zelensky said on Wednesday. Ukraine’s president also said that “the situation at the front is difficult”, which will be seen as a sign that his military is also being hit with heavy casualties, The Evening Standard write. The Washington-based think tank the Institute for The Study of War said Russian forces had made “marginal gains” around Bakhmut in the Donetsk province but “remain unlikely to have advanced at the tempo that Russian sources claimed”.
  • The Federal Statistics Service will publish macroeconomic data at 1600GMT/1900 local time. Releases include retail sales data (Exp: -12.0%), unemployment rate figures (Exp: 4.1%, Prior: 3.9%) and weekly CPI data.
187 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.
  • The EU is inching its way towards a Russian oil price cap this week according to diplomats. "Consultations have been ongoing since last Wednesday and we are inching towards an agreement, we are closer and closer," one diplomat said. Poland, Lithuania and Estonia have been pushing for a cap of around $30/bbl, which is a long way from the discussions which are around the $62/bbl level.
  • Vladimir Putin’s generals are still seeking to advance in Ukraine’s eastern Donbas region despite suffering “extremely large losses,” Volodymyr Zelensky said on Wednesday. Ukraine’s president also said that “the situation at the front is difficult”, which will be seen as a sign that his military is also being hit with heavy casualties, The Evening Standard write. The Washington-based think tank the Institute for The Study of War said Russian forces had made “marginal gains” around Bakhmut in the Donetsk province but “remain unlikely to have advanced at the tempo that Russian sources claimed”.
  • The Federal Statistics Service will publish macroeconomic data at 1600GMT/1900 local time. Releases include retail sales data (Exp: -12.0%), unemployment rate figures (Exp: 4.1%, Prior: 3.9%) and weekly CPI data.