MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

EUR Market Wrap

CREDIT UPDATE
Credit BulletsHomepagemarkets-real-timeCreditBullet


  • 2y/10y bunds are flat/-1bp with our DM team flagging limited spillover from the UK labour market data while the German February final HICP confirmed flash estimates, with improvements noted in MNI's inflation breadth indicator.
  • Main/XO are flat DoD while FICM shows €IG/€HY at -0.6bp/-0.5bp with Fins again outperforming at -1bp and Consumer Staples, Healthcare and Materials underperforming (marginally tighter).
  • Pretty low vol session so far with primary quiet ahead of CPI; corp movers include ELOFR (EUR 26s +14bps, downgraded to HY) Kion (EUR 25s +6bps, no news), Easyjet (EUR 28s +4bp, mandate announced), Leonardo (EUR 25s +4bp, new MT guidance), Moody’s (EUR 27s -4bp, no news), Berry Global (EUR 27s -5bp, no news), Nidec (EUR 26s -5bp, Siemens unit bid), Alpha Trains Finance (EUR 25s -5bp, no news), Anglo American (+3bps, going to market today).
  • Alex flagging that in financials that NBG reported solid results with asset quality improvements in Greece, echoing Eurobank last week.
  • SXXP is +0.3% with Banks and Basic Resources outperforming with gains of over 1% and Utilities the only sector in the red at -0.2%. Notable movers including BKW (+7.5% on earnings), Wacker Chemie (+6.5% on earnings), Leonardo (+5% on MT strategy), Persimmon (-3% on earnings).
200 words

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.


  • 2y/10y bunds are flat/-1bp with our DM team flagging limited spillover from the UK labour market data while the German February final HICP confirmed flash estimates, with improvements noted in MNI's inflation breadth indicator.
  • Main/XO are flat DoD while FICM shows €IG/€HY at -0.6bp/-0.5bp with Fins again outperforming at -1bp and Consumer Staples, Healthcare and Materials underperforming (marginally tighter).
  • Pretty low vol session so far with primary quiet ahead of CPI; corp movers include ELOFR (EUR 26s +14bps, downgraded to HY) Kion (EUR 25s +6bps, no news), Easyjet (EUR 28s +4bp, mandate announced), Leonardo (EUR 25s +4bp, new MT guidance), Moody’s (EUR 27s -4bp, no news), Berry Global (EUR 27s -5bp, no news), Nidec (EUR 26s -5bp, Siemens unit bid), Alpha Trains Finance (EUR 25s -5bp, no news), Anglo American (+3bps, going to market today).
  • Alex flagging that in financials that NBG reported solid results with asset quality improvements in Greece, echoing Eurobank last week.
  • SXXP is +0.3% with Banks and Basic Resources outperforming with gains of over 1% and Utilities the only sector in the red at -0.2%. Notable movers including BKW (+7.5% on earnings), Wacker Chemie (+6.5% on earnings), Leonardo (+5% on MT strategy), Persimmon (-3% on earnings).