TEST, PLEASE IGNORE

MNI China Daily Summary: Tuesday, May 28

MNI BRIEF: Japan's April Trimmed Mean Rises 1.8% Vs. 2.2% - BOJ

MNI BRIEF: China To Curb Key Financial Risks - NFRA

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1101 Tues; -2.43% Y/Y

EZ/UK Bond Supply Calendar: Spain Syndication; UK, DE Wednesday

MNI: US Q1 FHFA HPI Q/Q SA +1.1% V +6.6% Q1 2023

MNI:US MAR FHFA HPI SA +0.1% V +1.2% FEB; +6.7% Y/Y

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

EZ Data, EU FinMins' Meeting Up Today

EURJPY

EUR/JPY has shed 8 pips so far and last sits at Y130.08, holding yesterday's range so far. A break under Apr 8 low of Y129.57 would please bears, opening up Mar 30 low of Y129.13. Conversely, a break above Apr 7 high of Y130.69 (a bull trigger) would shift focus to the 1.236 proj of the Jun - Sep - Oct 2020 price swing at Y131.22.

  • German leading research institutes trimmed their joint GDP forecast to +3.7% Y/Y from +4.7%, owing to longer lockdowns. The 2022 forecast was revised to +3.9% Y/Y from +2.7%.
  • Italy's cabinet approved a new fiscal outlook Thursday. National debt-to-GDP ratio is expected to reach an all-time high of 159.8%.
  • A report by New Financial revealed that 440 financial firms decided to move at least some of their business from the UK to the EU after Brexit, which involved shifting around 7,400 jobs and $1.2tn of assets.
  • EZ trade balance & final CPI take focus on the European data docket today, while EU Finance Ministers hold an informal meeting online.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign 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.