MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI: ECB CUTS KEY DEPOSIT RATE BY 25 BP TO 3.0%

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI China Daily Summary: Thursday, December 12

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

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

Headline National Inflation Data Expected To Rise To 118% Y/y

ARGENTINA
  • A quiet day for LatAm data with the only tier one release being Argentina inflation for June, where the annual headline rate of National CPI is expected to rise to 118.00%.
  • The USD downtick post-CPI has extended on Thursday, helping keep the greenback under pressure against the majority of G10 currencies. As was the case Wednesday, the main beneficiaries have been higher beta AUD and NZD, both advancing around 1% on the session.
  • Given the outsized market reaction to US CPI yesterday, PPI comes into focus ahead as markets look for similar clues of slowing inflation pressures. June PPI is expected to slow to 0.4% on a Y/Y basis, and down to 2.6% ex-food and energy. Central bank speakers due Thursday include Fed's Daly and Waller as well as the release of the ECB accounts from the June policy decision.
  • MNI (Beijing) -- China's exports registered a 3.2% y/y fall in H1, led by sliding demands from external economies as well as the high base effect, while imports fell 6.8% y/y, data released by China Customs on Thursday showed. Trade showed strong resilience in H1, especially as domestic production recovered rapidly after the pandemic, but global economic uncertainty still pressures trade stability and quality improvement, a customs spokesperson said.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.