MNI China Daily Summary: Friday, November 22

UK NOV FLASH MANUF PMI 48.6 (FCST: 50.0); OCT 49.9

EUROZONE NOV FLASH MANUF PMI 45.2 (FCST: 46.0); OCT 46.0

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

GERMANY NOV FLASH MANUF PMI 43.2 (FCST: 43.0); OCT 43.0

FRANCE NOV FLASH MANUF PMI 43.2 (FCST:44.5); OCT 44.5

MNI: GERMANY Q3 FINAL GDP 0.1% Q/Q (VS FCST 0.2%)

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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Futures through Initial Support

GILTS
HomepageBond Market NewsBulletMarketsFixed Income Bullets

Gilt futures hit new lows for the week, trading as low as 98.44, before stabilising, trading back to ~98.50.

  • Yields 0.5-3.5bp higher across the curve.
  • Spill over from U.S. data and the recovery from session lows in crude oil remain the main sources of pressure.
  • Next support in futures sits at the 1.236 projection of the Aug 14-16-22 price swing (98.37). A break there would deepen the threat to the bullish technical backdrop.
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Gilt futures hit new lows for the week, trading as low as 98.44, before stabilising, trading back to ~98.50.

  • Yields 0.5-3.5bp higher across the curve.
  • Spill over from U.S. data and the recovery from session lows in crude oil remain the main sources of pressure.
  • Next support in futures sits at the 1.236 projection of the Aug 14-16-22 price swing (98.37). A break there would deepen the threat to the bullish technical backdrop.