MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EUR Market Wrap

CREDIT UPDATE


  • 2y/10y bunds are +6bp/+4bp DoD after ECB-dated OIS contracts repriced following the firmer than expected US CPI data, headlined by a 0.85% M/M supercore reading with just 112bps of ECB cuts priced through 2024 (vs 121bps pre-data), the least since November.
  • Main/XO are +1.5/9.5bp, having opened slightly wider and tightened into the print before moving upwards on the release. CDX IG/HY broadly in line.
  • FICM is showing €IG€HY at +0.5bp/-2.4bp though swap spread moves imply tighter moves vs. govies. Tech underperforming within €IG at +1.1bp.
  • SXXP is -1% with Tech the notable underperformer as the sub-index moves away from multi-decade highs amid profit-taking in the sector. ASML underperforming at -5.25% with little in the way of company-specific newsflow aside from the ‘fat finger’ story.
Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

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.