MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

Flash Inflation In-Line With Tracking; Services Softens But Only Slightly

MNI: EUROZONE JUL FLASH HICP +2.6% Y/Y

MNI: GERMANY JUL UE RATE (SA) 6.0% (FCST 5.9%); JUN 6.0%

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

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

Industrial Production Rose 32.3% YoY in May

CZECHIA
  • This morning, economic data showed that Czech recorded a national trade surplus of 6.3bn CZK in May, and that industrial output rose 32.3% Y/Y in May.
  • Next important economic data to watch will be retail sales on July 8 and then Unemployment rate on July 9.
  • Next CNB meeting will take place on August 5, and policymaker are very likely to raise the benchmark rate by another 25bps to 0.75%.
  • According to the STIR market, the FRA 6Mx9M are trading 71bps above the Pribor 3M, which implies that traders are still expecting up to 3 hikes for the rest of the year.
  • USDCZK ticks lower this morning, currently trading slightly below its 200DMA at 21.76; next resistance to watch on the topside stands at 22. On the downside, first support to watch below 21.47 (100DMA) stands at 21.31.
  • Czech 10Y yield is flat this morning, currently trading slightly above its 50DMA (1.71%) and gradually approaching its next resistance at 1.76% (100DMA). On the downside, key support to watch stands at 1.60%.
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.