MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

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

Firms’ Inflation Expectations Remain Stable

CHILE
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • Despite the 2.7% decline in copper prices yesterday, USDCLP only closed 0.45% higher at 907, as soft US labour market data and a decline in US yields likely restrained the move. A bear trend in USDCLP remains intact, with attention on 886.96 next, the 76.4% retracement of the Dec 1 ‘23 - Feb 26 bull leg. On the upside, the next resistance to watch is 928.65, the 50-day EMA.
  • BCCh published its survey of price determinants and expectations for the quarter ending April, which showed that firms’ one-year ahead inflation expectations remained at 4%, while the two-year outlook held at 3.5%. Despite recent FX strength, firms report that previous CLP weakness continues to push prices up, but they note that sales levels are not exerting pressure on prices.
  • No macro data are due today, with focus remaining on Friday’s May CPI release, where analysts expect inflation according to the chained measure to tick up to 4.1% y/y.
155 words

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.
  • Despite the 2.7% decline in copper prices yesterday, USDCLP only closed 0.45% higher at 907, as soft US labour market data and a decline in US yields likely restrained the move. A bear trend in USDCLP remains intact, with attention on 886.96 next, the 76.4% retracement of the Dec 1 ‘23 - Feb 26 bull leg. On the upside, the next resistance to watch is 928.65, the 50-day EMA.
  • BCCh published its survey of price determinants and expectations for the quarter ending April, which showed that firms’ one-year ahead inflation expectations remained at 4%, while the two-year outlook held at 3.5%. Despite recent FX strength, firms report that previous CLP weakness continues to push prices up, but they note that sales levels are not exerting pressure on prices.
  • No macro data are due today, with focus remaining on Friday’s May CPI release, where analysts expect inflation according to the chained measure to tick up to 4.1% y/y.