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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.
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Free AccessEUR Market Wrap
- 2y/10y bunds are +2.5bp/+1bp with little in the way of market moving headlines with ECB speak doing little to move markets (consensus continues to look for a June cut, which is fully priced) though gilts outperform after survey data pointed to continued softening of the domestic labour market ahead of tomorrow’s official monthly labour market report.
- Main/XO are +0.5bp/+3bp while FICM shows €IG/€HY outperforming at -0.6bp/-2.9bp with most €IG sectors in the green and Fins outperforming at -1.1bp while Tech and Staples underperform (flat). Movers include Teleperformance (no news, slight reversal of recent widening) and Tennet/Lufthansa/Telecom Italia/Raiffeisen (as flagged) and Toyota/Wolters Kluwer (issuing today).
- SXXP is -0.5% with Basic Resources and Tech underperforming at close to -2% - Basic Resources looks broad-based with most shares in the red while BE Semiconductor leads Tech lower at -7.5% on a potential delay in use of hybrid bonding technology in memory chip production.
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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.