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Policy
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Global Macro
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
EUR Market Wrap
- 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 | Country | Event |
0600/0700 | ** | UK | UK Monthly GDP |
0600/0700 | ** | UK | Trade Balance |
0600/0700 | *** | UK | GDP First Estimate |
0600/0700 | ** | UK | Index of Services |
0600/0700 | *** | UK | Index of Production |
0600/0700 | ** | UK | Output in the Construction Industry |
0600/0800 | ** | SE | Private Sector Production m/m |
0600/0800 | *** | NO | CPI Norway |
0700/0900 | EU | ECB's Cipollone presentation on digital euro | |
0800/1000 | * | IT | Industrial Production |
0845/1045 | EU | ECB's Elderson in roundtable at ASVIS/ECCO | |
1115/1215 | UK | BOE's Pill at National MPC Agency Briefing | |
1145/1245 | UK | BOE's Dhingra remarks at KCL Econdat Conference | |
- | *** | CN | Money Supply |
- | *** | CN | New Loans |
- | *** | CN | Social Financing |
1230/0830 | *** | CA | Labour Force Survey |
1300/0900 | US | Fed Governor Michelle Bowman | |
1400/1000 | ** | US | U. Mich. Survey of Consumers |
1400/1000 | US | Dallas Fed's Lorie Logan | |
1400/1000 | US | Minneapolis Fed's Neel Kashkari | |
1600/1200 | *** | US | USDA Crop Estimates - WASDE |
1645/1245 | US | Chicago Fed's Austan Goolsbee | |
1700/1300 | ** | US | Baker Hughes Rig Count Overview - Weekly |
1730/1330 | US | Fed Vice Chair Michael Barr | |
1800/1400 | ** | US | Treasury Budget |
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.