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Real-time insight on key fixed income and fx markets.
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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 INTERVIEW2: Poland To Push For EU Defence Fund
MNI PODCAST: FedSpeak: Ghamami Sees Higher R-Star On Deficits
EUR Market Wrap
- 2y/10y bunds closed -4bp/-2bp after German inflation was above-expected and appeared to pose some slight upside risks to consensus for today’s Euro-wide print despite Spain's HICP earlier coming in soft, while German Q2 GDP disappointed compared to solid Spanish/French growth. Yields fell to session lows in early afternoon, with core FI weakening only modestly on higher-than-expected US jobs openings data.
- Main/XO ended +0.7bp/+1bp at 55.7bp/299bp (+2.2bp/+6bp WoW) while €IG/€HY was +0.6bp/+1bp (+1.2bp/+12bp WoW) with IG Tech underperforming at +1.1bp. Primary was kept open by Lloyds Banking’s EUR 1bn 6.25NC5.25 Green that tightened 30bp to price at MS+95bps with a 5bp NIC and a cover of 2.2x.
- SXXP ended +0.4% with Basic Resources holding onto earlier losses at -1.2% while SPX was -0.5%. Notable €IG movers included Aliaxis +7%, Stan Chart +6%, Merck -10%, Ecolab -8%, Corning -7%, AGCO Corp -6%.
- Later, not only is there the Fed decision later but also US Q2 employment cost index, July ADP employment and June home sales. There are also euro area preliminary July CPI, German July unemployment and June retail sales.
Date | GMT/Local | Impact | Country | Event | |
31/07/2024 | 0600/1400 | ** | CN | MNI China Liquidity Index (CLI) | |
31/07/2024 | 0600/0800 | ** | DE | Import/Export Prices | |
31/07/2024 | 0645/0845 | *** | FR | HICP (p) | |
31/07/2024 | 0645/0845 | ** | FR | PPI | |
31/07/2024 | 0755/0955 | ** | DE | Unemployment | |
31/07/2024 | 0900/1100 | *** | EU | HICP (p) | |
31/07/2024 | 0900/1100 | *** | IT | HICP (p) | |
31/07/2024 | 1000/1200 | ** | IT | PPI | |
31/07/2024 | 1100/0700 | ** | US | MBA Weekly Applications Index | |
31/07/2024 | 1215/0815 | *** | US | ADP Employment Report | |
31/07/2024 | 1230/0830 | *** | US | Employment Cost Index | |
31/07/2024 | 1230/0830 | *** | CA | Gross Domestic Product by Industry | |
31/07/2024 | 1230/0830 | *** | US | Treasury Quarterly Refunding | |
31/07/2024 | 1345/0945 | *** | US | MNI Chicago PMI | |
31/07/2024 | 1400/1000 | ** | US | NAR Pending Home Sales | |
31/07/2024 | 1430/1030 | ** | US | DOE Weekly Crude Oil Stocks | |
31/07/2024 | 1800/1400 | *** | US | FOMC Statement | |
01/08/2024 | 2300/0900 | ** | AU | S&P Global Manufacturing PMI (f) |
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.