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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
- Bunds ended 5-6bps tighter across the curve against slow headline flow. Below-consensus Spanish inflation data moved EGBs from intraday highs before a steady grind richer over much of the PM on order related flow.
- Main/XO closed -0.5bp/-2.5bp while €IG/€HY cash closed -1bp/+5bp with 1-3yr spreads outperforming by just under 1bp (now -30bp YTD vs. -13bp for +10yr spreads). €IG Energy underperformed at flat though is still the best YTD performer at -24bp.
- SXXP closed +0.1% with Retail and T&L expanding on their over and under-performance over the session respectively to close +2.5% and -2.3%. Retail is now the best MoM performer at +13%. T&L is the second worst MoM performer at -2.7% (after Personal Care & Grocery at -4.5%).
- HK and China equities are higher today, with tech names surging to be the top-performing sector. There is a raft of corporate earnings due out today, following on from a busy day on Wednesday including property names like China Vanke and Country Garden. Stoxx 50 futures are +0.3%. Up today we have:
GMT/Local | Impact | Country | Event |
0700/0700 | *** | UK | GDP Second Estimate |
0700/0700 | * | UK | Quarterly current account balance |
0700/0800 | ** | DE | Retail Sales |
0700/0800 | ** | SE | Retail Sales |
0800/0900 | ** | CH | KOF Economic Barometer |
0855/0955 | ** | DE | Unemployment |
0900/1000 | ** | EU | M3 |
0900/1000 | ** | IT | ISTAT Business Confidence |
0900/1000 | ** | IT | ISTAT Consumer Confidence |
1100/1200 | ** | IT | PPI |
1230/0830 | *** | US | Jobless Claims |
1230/0830 | ** | US | WASDE Weekly Import/Export |
1230/0830 | *** | CA | Gross Domestic Product by Industry |
1230/0830 | * | CA | Payroll employment |
1230/0830 | *** | US | GDP |
1345/0945 | *** | US | MNI Chicago PMI |
1400/1000 | ** | US | NAR Pending Home Sales |
1400/1000 | ** | US | U. Mich. Survey of Consumers |
1430/1030 | ** | US | Natural Gas Stocks |
1500/1100 | ** | US | Kansas City Fed Manufacturing Index |
1530/1130 | ** | US | US Bill 04 Week Treasury Auction Result |
1530/1130 | * | US | US Bill 08 Week Treasury Auction Result |
1600/1200 | ** | US | USDA GrainStock - NASS |
1600/1200 | *** | US | USDA PROSPECTIVE PLANTINGS - NASS |
2330/0830 | ** | JP | Tokyo CPI |
2330/0830 | * | JP | Labor Force Survey |
2350/0850 | * | JP | Retail Sales (p) |
2350/0850 | ** | JP | Industrial Production |
To read the full story
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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.