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

Havens Favoured as Markets Watch Russia/Ukraine Clock Ticking

FOREX
  • Haven currencies are outperforming early Monday, with markets starting the week on an acutely risk-off footing. The blunt and direct warnings from US leaders late last week that we're approaching a crunchpoint in Russia/Ukraine talks (US intelligence suggested a full invasion could occur as soon as Wednesday) continues to roil markets, putting JPY and CHF at the top of the G10 pile.
  • Resultingly, growth proxies are on the backfoot, with AUD, NZD, SEK and NOK slipping lower and reversing recent recoveries. German Chancellor Scholz is the next world leader headed to meet Putin, in the latest part of the Western attempt to de-escalate tensions - despite insistence among both Kiev and Moscow representatives that the situation on the ground is somewhat more placid.
  • The data docket is typically quiet for a Monday, with no major releases due. This should keep focus on the speaker slate, with Fed's Bullard appearing on CNBC at 1330GMT/0830ET. His comments will be watched particularly closely given his outright hawkishness last week, in which he brought up the prospect of both a 50bps rate hike, as well as the possibility of an inter-meeting hike. ECB's Lagarde follows later in the day, speaking at 1615GMT/1115ET.
Energy BulletsCommodities
Energy BulletsCommodities

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.