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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
- 2y/10y bunds closed -3bp/-4bp after the Spanish flash HICP was a tenth above consensus and EC’s Economic Confidence reading was broadly in line while EZ unemployment reached an all-time low of 6.4. US data provided a modest bid but didn’t move the needle hugely.
- Main/XO closed -0.4bp/-2bp while €IG/€HY closed flat/-1.5bp. Energy was the only IG sector wider while Tech and Basic Ind outperformed marginally. Primary closed.
- SXXP ended +0.6% with Energy and Tech the only sectors lower. €IG movers included Whirlpool +6%, Worldline +6%, Warner Bros +6%, RBC +5%, Acciona +5%, SAP -5%, Oracle -5%, VW -5%, Dell -5%, Pirelli -5%.
- Asian equities are broadly higher as the latest round of US data signalled momentum is slowing, boosting the case for Fed cuts. Stoxx 50 futures are flat. Up today:
GMT/Local | Impact | Country | Event |
0600/0800 | ** | DE | Retail Sales |
0600/0800 | ** | DE | Import/Export Prices |
0600/0700 | * | UK | Nationwide House Price Index |
0630/0730 | UK | DMO to release FQ2 (Jul-Sep) gilt operations calendar | |
0630/0830 | ** | CH | Retail Sales |
0645/0845 | *** | FR | HICP (p) |
0645/0845 | ** | FR | PPI |
0645/0845 | ** | FR | Consumer Spending |
0645/0845 | *** | FR | GDP (f) |
0800/1000 | *** | IT | GDP (f) |
0830/0930 | ** | UK | BOE M4 |
0830/0930 | ** | UK | BOE Lending to Individuals |
0900/1100 | *** | EU | HICP (p) |
0900/1100 | *** | IT | HICP (p) |
1230/0830 | ** | US | Personal Income and Consumption |
1230/0830 | *** | CA | GDP - Canadian Economic Accounts |
1230/0830 | *** | CA | Gross Domestic Product by Industry |
1230/0830 | *** | CA | CA GDP by Industry and GDP Canadian Economic Accounts Combined |
1230/0830 | ** | US | WASDE Weekly Import/Export |
1345/0945 | *** | US | MNI Chicago PMI |
1500/1100 | CA | Finance Dept monthly Fiscal Monitor (expected) | |
1700/1300 | ** | US | Baker Hughes Rig Count Overview - Weekly |
2215/1815 | US | Atlanta Fed's Raphael Bostic |
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.