MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EUR Market Wrap

CREDIT UPDATE
Credit BulletsBulletHomepagemarkets-real-timeCredit


  • Bunds are 4-5bp tighter – DM team flagged that soft IP data from Germany and France has supported FI this morning alongside heavy European equity performance. EZ Q2 final GDP reading was revised a tenth lower to 0.2% Q/Q. Meanwhile, compensation per employee growth was 4.3% Y/Y, well below the Eurosystem staff’s 5.1% June projection.
  • Main/XO are +0.6bp/+3bp at 56bp/304bp while €IG/€HY looks +1bp/+4bp. €IG curve movers include ELISGB (30s +20bp), GLJGR (+8bp), PEOPW (27s +7bp), RABROM (2Ys +7bp), DVIVER (27s +5bp), RABKAS (+3-8bps), AKFAST (-3-5bps).
  • SXXP is -0.3% while SPX futures are -0.6%. €IG movers include Elis -16%, Grenke -14%, Raiffeisen -6%.
  • Our full NFP preview can be found here: https://media.marketnews.com/USNFP_Sep2024_Preview_156b327b83.pdf.
112 words

To read the full story

Close

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.


  • Bunds are 4-5bp tighter – DM team flagged that soft IP data from Germany and France has supported FI this morning alongside heavy European equity performance. EZ Q2 final GDP reading was revised a tenth lower to 0.2% Q/Q. Meanwhile, compensation per employee growth was 4.3% Y/Y, well below the Eurosystem staff’s 5.1% June projection.
  • Main/XO are +0.6bp/+3bp at 56bp/304bp while €IG/€HY looks +1bp/+4bp. €IG curve movers include ELISGB (30s +20bp), GLJGR (+8bp), PEOPW (27s +7bp), RABROM (2Ys +7bp), DVIVER (27s +5bp), RABKAS (+3-8bps), AKFAST (-3-5bps).
  • SXXP is -0.3% while SPX futures are -0.6%. €IG movers include Elis -16%, Grenke -14%, Raiffeisen -6%.
  • Our full NFP preview can be found here: https://media.marketnews.com/USNFP_Sep2024_Preview_156b327b83.pdf.