CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction 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

January Activity Data Beats Across The Board, CLP Strengthens

CHILE
  • Data just published showed broad strength, with manufacturing production, industrial production and retail sales all showing strong beats of the median surveyed estimates. This sets the stage for tomorrow’s economic activity (Imacec) data, where growth is expected to rise 0.3% m/m, which should translate to an annual pick up to +0.1% Y/y.
  • The data is supporting the Chilean peso in early trade, which has notably been on a firmer footing this week. Bolstering the most recent recovery has been the return of USD sales from the finance ministry. Hacienda has sold $100 mil on both Tuesday and Wednesday, taking the total of USD sales to $300 mil for February. JPMorgan said earlier in the week that "while USD sales by the treasury are unlikely to materially alter the CLP trajectory, they represent a risk factor for CLP shorts given current levels and positioning by foreign investors."
  • In local news, the government expects to lay out by March the broad terms of lithium contracts to be offered under a new public-private partnership model, Mining Minister Aurora Williams told reporters on Wednesday.
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.