MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

Euribor Futures Assess Mixed UK Labour Market Data

STIR

Euribor futures are +0.5 to +2.5 ticks through the blues as participants weigh ongoing Middle East tensions against this morning’s mixed UK labour market data.

  • As noted above, UK private regular wage growth topped consensus in Feb but the unemployment rate unexpectedly rose to 4.2%.
  • ECB-dated OIS contracts price 22bps of cuts through the June meeting and 83bps through the remainder of ’24.
  • Today’s ECB speakers include Rehn, Villeroy and Vujcic. Again, major deviations from the current status quo i.e. the initial rate cut coming in June, are unlikely (Rehn’s comments yesterday supported a June move).
  • Today’s regional data calendar is headlined by Italian final March inflation and the German ZEW survey..


    • Meeting Date ESTR ECB-Dated OIS (%)Difference Vs. Current Effective ESTR Rate (bp)
    Jun-243.690-21.7
    Jul-243.563-34.5
    Sep-243.363-54.4
    Oct-243.251-65.7
    Dec-243.082-82.5



    HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets
    HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

    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.