MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Eyeing A PMI Recovery After October's Political Storm?

UK
An ugly set of October flash UK PMIs, but limited market reaction (Gilts still hovering around session lows, which is where they were prior to the data release).
  • Perhaps there is a sense that political uncertainty and related impact on interest rates/consumer confidence (political uncertainty is named 7 times in the S&P global press release) could be temporary, with a rebound due in the November survey if/when the UK political landscape calms.
  • Indeed, Gilt yields and BoE hike expectations have already calmed considerably already since late September/early October.
  • From the release: "Optimism levels hit a two-and-a-half year low in both the manufacturing and service sectors, with the slump in expectations overwhelmingly linked to political uncertainty, rising interest rates and worries about the impact of stubbornly high inflation on customer demand.
HomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsUKBank Of England (BOE) Market News

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.