MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1285 Thurs; -1.29% Y/Y

CHINA PBOC CONDUCTS CNY49 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1285 THU VS 7.1318

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

Australia Jun Unemployment Rate 4.0%

Japan Jun Exports +5.4% Y/Y; Imports +3.2% Y/Y

MNI:AUSTRALIA JUN UNEMPLOYMENT RATE +4.1%

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

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

EUR Market Wrap

CREDIT UPDATE
Credit BulletsBulletHomepagemarkets-real-timeCredit


  • 2y/10y bunds are -3bp/-5bp with our DM team flagging a rally on the back of on the back of the Spanish CPI data, with the move then extending as German regional CPI readings pointed to downside risk in this afternoon’s national flash reading. Also noting that PM Sachez will not resign as Spanish PM though there has been little feedthrough to EGBs.
  • Main/XO are -0.7bp/-3.2bp with FICM showing €IG/€HY at +0.2bp/+2.6bp though accounting for swap spreads we see slightly less widening vs. govies. TMT/Energy seem to be underperforming slightly. Main curve mover is Philips at up to 16bps tighter on legal settlement progress.
  • SXXP is +0.3% with Tech, Banks and T&L the sectors in the red with losses of up to 0.5%. €IG movers include Philips +47%, AIA Group +6%, CPI Property +6%, Deutsche Bank -6%.
136 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 -3bp/-5bp with our DM team flagging a rally on the back of on the back of the Spanish CPI data, with the move then extending as German regional CPI readings pointed to downside risk in this afternoon’s national flash reading. Also noting that PM Sachez will not resign as Spanish PM though there has been little feedthrough to EGBs.
  • Main/XO are -0.7bp/-3.2bp with FICM showing €IG/€HY at +0.2bp/+2.6bp though accounting for swap spreads we see slightly less widening vs. govies. TMT/Energy seem to be underperforming slightly. Main curve mover is Philips at up to 16bps tighter on legal settlement progress.
  • SXXP is +0.3% with Tech, Banks and T&L the sectors in the red with losses of up to 0.5%. €IG movers include Philips +47%, AIA Group +6%, CPI Property +6%, Deutsche Bank -6%.