MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

GDP Broadly In Line, GoC Rally Trimmed

CANADA DATA
  • Monthly GDP was broadly as expected in December at 0% M/M following six consecutive months of growth.
  • The flash release for January is up +0.2% M/M as Omicron-restrictions weigh. Growth across a range of sectors is seen to be offset by notable decreases in manufacturing, mining and, unsurprisingly, client-facing and air transportation services.
  • It won’t change the BOC outlook at tomorrow’s decision but sees some market reaction after earlier large moves, especially in rates/yield space.
  • FI: GoC yields trim what were large gains prior to the release, up 2bp in the short-end and 3bps at the longer end, but are still down heavily on the day with the front-end to belly down -6bps, 10Y -3.5bps and very long end -2bps.
  • FX: USDCAD also trimmed earlier gains in what’s a relatively narrow session range. It’s back close to where it started the day at 1.2675, having earlier cleared initial support of 1.2660 (Feb 28 low) before rising to 1.2694 prior to the release.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

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.