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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 AccessMNI ASIA OPEN: Fed Tempering Rate Cut Expectations
FINANCIALS: Allianz: Supportive Results, P&C Combined Beat, Guidance Held
Allianz (ALVGR: Aa2/AA/AA-u) results appear reassuring with P&C combined ratio a beat, operating profit similarly and Solvency II ratio at 206%, beating 202% consensus. Spreads have broadly tracked insurance peers, so perhaps not enough here to tighten meaningfully but certainly supportive results, we feel.
- “*ALLIANZ 2Q OPER PROFIT EU3.93B, EST. EU3.66B
- *ALLIANZ STILL SEES FY OPER PROFIT EU13.8B TO EU15.8B [cons: 15.4bn]
- *ALLIANZ TO BUYBACK ADDL SHARES UP TO 500M EUROS” – BBG
- “*Allianz 2Q Property-Casualty Combined Ratio 93.5% [cons: 94.3%]
Conf call is 1000 (London time) at: https://www.youtube.com/live/S9nZ6uPoPII
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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.