-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
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.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
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.
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 AccessEUR Market Wrap
- 2y/10y bunds closed -4bp/-6bp in a steady grind tighter across much of the session – DM team flagged the fall in commodity prices as the main driver with Euro consumer confidence coming in-line.
- Main/XO ended +0.5bp/+1bp at 53.4bp/293bp while €IG/€HY was -0.5bp/+0.5bp with Energy the only IG sector wider on the day. Energy remains the second best performer YTD, essentially flat to €IG with Fins the best performer at -13bp vs. the €IG index. Just the one IG deal from Mitsubishi in a EUR 500mn A3/A- WNG that tightened 30bp to price with a NIC of 5bp and a cover of 2.5x.
- SXXP ended +0.1% while SPX was -0.2% for WoW moves of -0.4% and -2%. €IG movers included SAP +7%, Sartorious +7%, GE +6%, Danaher +5%, Edenred -13%, UPS -12%, Paccar -11%, Thales -7%, GM -6%.
- SX5E and SPX futures are -0.5% and Asian markets are mostly lower today, following disappointing earnings from major tech companies. USTs have been a subdued trading day in Asia today, yields are flat to 1bps lower.
- Later the Fed’s Bowman and Logan give remarks and the ECB’s Buch, Lane and de Guindos appear. The Bank of Canada decision is also announced – a 25bp cut is forecast. In terms of data, US/European preliminary July PMIs and US June trade and new home sales are released.
Date | GMT/Local | Impact | Country | Event |
24/07/2024 | 0600/0800 | * | DE | GFK Consumer Climate |
24/07/2024 | 0645/0845 | EU | ECB's de Guindos at ECB/IMF conference | |
24/07/2024 | 0700/0900 | ** | ES | PPI |
24/07/2024 | 0715/0915 | ** | FR | S&P Global Services PMI (p) |
24/07/2024 | 0715/0915 | ** | FR | S&P Global Manufacturing PMI (p) |
24/07/2024 | 0730/0930 | ** | DE | S&P Global Services PMI (p) |
24/07/2024 | 0730/0930 | ** | DE | S&P Global Manufacturing PMI (p) |
24/07/2024 | 0800/1000 | ** | EU | S&P Global Services PMI (p) |
24/07/2024 | 0800/1000 | ** | EU | S&P Global Manufacturing PMI (p) |
24/07/2024 | 0800/1000 | ** | EU | S&P Global Composite PMI (p) |
24/07/2024 | 0830/0930 | *** | UK | S&P Global Manufacturing PMI flash |
24/07/2024 | 0830/0930 | *** | UK | S&P Global Services PMI flash |
24/07/2024 | 0830/0930 | *** | UK | S&P Global Composite PMI flash |
24/07/2024 | 0900/1000 | ** | UK | Gilt Outright Auction Result |
24/07/2024 | 1100/0700 | ** | US | MBA Weekly Applications Index |
24/07/2024 | 1200/1400 | EU | ECB's Lane at ECB/IMF conference | |
24/07/2024 | 1345/0945 | CA | BOC Monetary Policy Report | |
24/07/2024 | 1345/0945 | *** | CA | Bank of Canada Policy Decision |
24/07/2024 | 1345/0945 | *** | US | S&P Global Manufacturing Index (Flash) |
24/07/2024 | 1345/0945 | *** | US | S&P Global Services Index (flash) |
24/07/2024 | 1400/1000 | *** | US | New Home Sales |
24/07/2024 | 1430/1030 | ** | US | DOE Weekly Crude Oil Stocks |
24/07/2024 | 1430/1030 | CA | BOC Governor Press Conference | |
24/07/2024 | 1530/1130 | ** | US | US Treasury Auction Result for 2 Year Floating Rate Note |
24/07/2024 | 1700/1300 | * | US | US Treasury Auction Result for 5 Year Note |
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.