Free Trial

EUR Market Wrap

CREDIT PRE-MARKET
  • 2y/10y bunds closed flat/+3bp – our DM team flagging that bunds remained near intraday lows even with the BoE decision leaning dovish and in light of a higher-than-expected U.S. initial jobless claims reading.
  • Main/XO closed flat as did €IG/€HY with all €IG sectors marginally in the green. No primary given European holiday.
  • SXXP also closed flat with Autos -1% and Basic Resources +1%. Notable €IG movers in the European session included Tauron Polska +5%, BBVA -7%.
  • Asian markets are broadly higher with the Hang Seng +2% on continued property shares strength while China mainland shares are flat on reports the US is set to impose tariffs on Chinese EVs and other strategic sectors. Stoxx 50 futures are +0.3%. Up today:

GMT/Local

Impact

Keep reading...Show less
295 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 closed flat/+3bp – our DM team flagging that bunds remained near intraday lows even with the BoE decision leaning dovish and in light of a higher-than-expected U.S. initial jobless claims reading.
  • Main/XO closed flat as did €IG/€HY with all €IG sectors marginally in the green. No primary given European holiday.
  • SXXP also closed flat with Autos -1% and Basic Resources +1%. Notable €IG movers in the European session included Tauron Polska +5%, BBVA -7%.
  • Asian markets are broadly higher with the Hang Seng +2% on continued property shares strength while China mainland shares are flat on reports the US is set to impose tariffs on Chinese EVs and other strategic sectors. Stoxx 50 futures are +0.3%. Up today:

GMT/Local

Impact

Keep reading...Show less