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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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Free AccessEUR Market Wrap
- Bunds closed 2-4bp wider – DM team flagged that EGBs started the session weakly, but rallied at midday London time led by Gilts after the minutes of the BoE meeting noted the decision to hold rates was "finely balanced" for some before pulling back in the afternoon on apparent reconsideration of soft US economic data.
- Main/XO ended -1bp/-7bp at 61bp/321bp while €IG/€HY was -1bp/-3bp with short-dated spreads taking WoW outperformance to 3bp while IG Cap Goods underperformed at flat and Energy outperformed at -1bp (best WoW performer at +7bp).
- SXXP closed +1% with all sectors in the green while SPX was -0.25%. SX5E futures are flat. Notable €IG movers included BCP +8%, Forvia +5%, Technip +4%, Albemarle -6%, Lufthansa -4%. Up today:
GMT/Local | Impact | Country | Event |
0600/0700 | *** | UK | Retail Sales |
0600/0700 | *** | UK | Public Sector Finances |
0645/0845 | ** | FR | Manufacturing Sentiment |
0700/0900 | EU | ECB's De Guindos participates in ECONFIN meeting | |
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 |
1230/0830 | * | CA | Industrial Product and Raw Material Price Index |
1230/0830 | ** | CA | Retail Trade |
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) |
1400/1000 | *** | US | NAR existing home sales |
1530/1630 | UK | BoE APF Sales Schedule for Q3 | |
1700/1300 | ** | US | Baker Hughes Rig Count Overview - Weekly |
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.