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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.
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Free Access€IG cash is skewed firmly wider today, once again led by financials (& today Kering)
- €IG equities have held up better - now unch & finding support from Utilities (+1.1%).
- Kering {KER FP Equity -13%} & Raiffeisen {RBI AV Equity -9%} are the worst performers - both echoed in credit spreads - while Equinix {EQIX US Equity -5%} is struggling more in euro credit (+20-40bps) than in equities or $ credit.
- Lonza {LONN SW Equity +6.4%} best performer in €IG equities on a medium term earnings guidance boost driven by what' it sees as a accretive $1.2b ($1.8b including capex) cash acquisition of a Roche manufacturing facility.
- £IG should close more flat today, saved by the absence of RBIAV & EQIX £ lines. Close brothers looks to be moving tighter for second session in a row (-5-10bps) after it guided to take action on bolstering its capital position.
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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.