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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 AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
EUR Market Wrap
- 2y/10y bunds closed -8bp/-6bp as the BoE delivered a rate cut and data spurred concern over slowing growth; German unemployment unexpectedly ticked higher, while US initial jobless claims pushed higher and the ISM Manufacturing report was weaker than expected, particularly in the employment component - all of which is in increased focus ahead of Friday's US payrolls report.
- Main/XO were +4.1bp/+16bp at 58.8bp/310bp while €IG/€HY closed +1bp/+9bp with 3-5yr spreads underperforming at +2bp while IG Fins and Cons Cycs were close to +2.5bp. Primary was kept open by the EUR 1bn 12NC7 from Caixa which tightened 30bps to give a NIC of 5bps.
- SXXP was -1.2% with RE and Retail eeking out gains of +1% and +1.5% while SPX futures was -1.4%. Notable €IG movers included Air Products & Chemicals +9%, Rolls Royce +7%, Smith & Nephew +7%, Kellanova +7%, Worldline -15%, Syensqo -10%, Socgen -9%, Toyota -8%, SES -8%.
- SX5E futures are -1.1% while SPX futures are -0.9%. Looking ahead we have the US NFP print as the main focus point. BOE speak is also due.
Date | GMT/Local | Impact | Country | Event | |
02/08/2024 | 0630/0830 | *** | CH | CPI | |
02/08/2024 | 0645/0845 | * | FR | Industrial Production | |
02/08/2024 | 0800/1000 | * | IT | Industrial Production | |
02/08/2024 | 0900/1100 | * | IT | Retail Sales | |
02/08/2024 | 1115/1215 | UK | BOE's Pill at National MPC Agency Briefing | ||
02/08/2024 | 1230/0830 | *** | US | Employment Report | |
02/08/2024 | 1400/1000 | ** | US | Factory New Orders | |
02/08/2024 | 1430/1030 | CA | BOC market participants survey | ||
02/08/2024 | 1700/1300 | ** | US | Baker Hughes Rig Count Overview - Weekly | |
05/08/2024 | 0700/0900 | ** | ES | Industrial Production | |
05/08/2024 | 0700/0300 | * | TR | Turkey CPI | |
05/08/2024 | 0900/1100 | ** | EU | PPI | |
05/08/2024 | 1400/1000 | *** | US | ISM Non-Manufacturing Index | |
05/08/2024 | 2100/1700 | US | San Francisco Fed's Mary Daly | ||
06/08/2024 | 2301/0001 | * | UK | BRC-KPMG Shop Sales Monitor | |
06/08/2024 | 0430/1430 | *** | AU | RBA Rate Decision | |
06/08/2024 | 0545/0745 | ** | CH | Unemployment | |
06/08/2024 | 0600/0800 | ** | DE | Manufacturing Orders | |
06/08/2024 | 0630/0830 | ** | CH | Retail Sales | |
06/08/2024 | 0730/0930 | ** | EU | S&P Global Final Eurozone Construction PMI | |
06/08/2024 | 0830/0930 | ** | UK | S&P Global/CIPS Construction PMI | |
06/08/2024 | 0900/1100 | ** | EU | Retail Sales | |
06/08/2024 | 0900/1000 | ** | UK | Gilt Outright Auction Result | |
06/08/2024 | 1230/0830 | ** | US | Trade Balance | |
06/08/2024 | 1230/0830 | ** | CA | International Merchandise Trade (Trade Balance) | |
06/08/2024 | 1255/0855 | ** | US | Redbook Retail Sales Index | |
06/08/2024 | 1700/1300 | *** | US | US Note 03 Year Treasury Auction Result | |
07/08/2024 | 2245/1045 | *** | NZ | Quarterly Labor market data | |
07/08/2024 | 0600/0800 | ** | DE | Trade Balance | |
07/08/2024 | 0600/0800 | ** | DE | Industrial Production | |
07/08/2024 | 0645/0845 | * | FR | Foreign Trade | |
07/08/2024 | 0900/1000 | ** | UK | Gilt Outright Auction Result | |
07/08/2024 | 1100/0700 | ** | US | MBA Weekly Applications Index | |
07/08/2024 | - | *** | CN | Trade | |
07/08/2024 | 1400/1000 | * | CA | Ivey PMI | |
07/08/2024 | 1430/1030 | ** | US | DOE Weekly Crude Oil Stocks | |
07/08/2024 | 1700/1300 | ** | US | US Note 10 Year Treasury Auction Result | |
07/08/2024 | 1730/1330 | CA | BOC Minutes (Summary of Deliberations) | ||
07/08/2024 | 1900/1500 | * | US | Consumer Credit | |
08/08/2024 | 0500/1400 | JP | Economy Watchers Survey | ||
08/08/2024 | 1230/0830 | *** | US | Jobless Claims | |
08/08/2024 | 1230/0830 | ** | US | WASDE Weekly Import/Export | |
08/08/2024 | 1400/1000 | ** | US | Wholesale Trade | |
08/08/2024 | 1430/1030 | ** | US | Natural Gas Stocks | |
08/08/2024 | 1700/1300 | *** | US | US Treasury Auction Result for 30 Year Bond | |
08/08/2024 | 1900/1500 | *** | MX | Mexico Interest Rate | |
08/08/2024 | 1900/1500 | US | Richmond Fed's Tom Barkin |
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.