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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Emerging Markets
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Credit
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US CPI Preview: Setting The Tone For 2025
MNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
EUR Market Wrap
- Bunds closed 3-4bps cheaper to bring the WoW move to 10-11bp having retraced most of the morning’s UK CPI-inspired losses but remaining weaker on the day.
- The Fed’s minutes were taken hawkishly: “Participants noted disappointing readings on inflation over the first quarter and indicators pointing to strong economic momentum, and assessed that it would take longer than previously anticipated for them to gain greater confidence that inflation was moving sustainably toward 2%” while some officials also appeared willing to contemplate rate increases if conditions appear to worsen.
- Main/XO closed flat/+1bp, outperforming CDX IG/HY by 0.5/2bp to bring WoW outperformance to 1bp/5bp. €IG/€HY ended flat/+1bp with WoW moves of -2bp/-16bp with Energy/Fins outperforming on the week at -4bp.
- SXXP closed -0.3%, in line with SPX on the day but ~1% behind on the week. €IG movers included Nidec +5%, Castellum +5%, Telstra -4%.
- Asian equities are mixed with China/HY over 1% lower after the FOMC minutes while corporate earnings in the region have also weighed on sentiment. Nvidia’s earnings were strong and may drive Tech stocks at the open. Stoxx 50 futures are flat. Up today:
GMT/Local | Impact | Country | Event |
0715/0915 | ** | FR | S&P Global Services PMI (p) |
0715/0915 | ** | FR | S&P Global Manufacturing PMI (p) |
0730/0930 | ** | DE | S&P Global Services PMI (p) |
0730/0930 | ** | DE | S&P Global Manufacturing PMI (p) |
0800/1000 | ** | EU | S&P Global Services PMI (p) |
0800/1000 | ** | EU | S&P Global Manufacturing PMI (p) |
0800/1000 | ** | EU | S&P Global Composite PMI (p) |
0830/0930 | *** | UK | S&P Global Manufacturing PMI flash |
0830/0930 | *** | UK | S&P Global Services PMI flash |
0830/0930 | *** | UK | S&P Global Composite PMI flash |
1000/0600 | *** | TR | Turkey Benchmark Rate |
- | EU | G7 Finance/CB Meet | |
1230/0830 | *** | US | Jobless Claims |
1230/0830 | ** | US | WASDE Weekly Import/Export |
1345/0945 | *** | US | S&P Global Manufacturing Index (Flash) |
1345/0945 | *** | US | S&P Global Services Index (flash) |
1400/1600 | ** | EU | Consumer Confidence Indicator (p) |
1400/1000 | *** | US | New Home Sales |
1430/1030 | ** | US | Natural Gas Stocks |
1500/1100 | ** | US | Kansas City Fed Manufacturing Index |
1530/1130 | * | US | US Bill 08 Week Treasury Auction Result |
1530/1130 | ** | US | US Bill 04 Week Treasury Auction Result |
1700/1300 | ** | US | US Treasury Auction Result for TIPS 10 Year Note |
1900/1500 | US | Atlanta Fed's Raphael Bostic |
To read the full story
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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.