TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EURHUF Close to Recent Highs as CS Takeover Fails to Improve Risk Sentiment

HUNGARY
  • The planned takeover of Credit Suisse by UBS has failed to shore up market sentiment as two-year treasury yields reversed earlier gains at the beginning of the European session and global stocks and equity futures mostly slid. The risk-off market sentiment has seen EURHUF trade close to last week’s highs, with the cross trading above the 400.00 handle at the time of typing.
  • The Hungarian banking system is stable and remains robust and functional amid the deteriorating international environment, MTI report finance minister Varga as saying on Friday. Its financing is stable and has significant reserves, Varga said.
  • The parliamentary group of the ruling Fidesz party will support the ratification of Finland's NATO accession bid at a vote set in the national assembly for March 27, while it will make a decision in connection with Sweden at a later time, the leader of the group said on Friday as cited by MTI.
  • There are no major economic releases or speaker events scheduled today.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.