MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1102 Fri; -2.68% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1102 FRI VS 7.1098

MNI BRIEF: Inflation Taking Longer To Ease - Banxico Minutes

MNI China Daily Summary: Thursday, May 23

Japan Apr Core CPI +2.2% Y/Y; Energy Price Improves

MNI BRIEF: Japan April Core CPI At 2.2% Vs. March 2.6%

MNI JAPAN APRIL CORE CPI +2.2% Y/Y; MARCH +2.6%

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

KC Fed Mfg Index Slows In Nov As Expected

DATA REACT

The Kansas City Fed Manufacturing Activity reading for November came in at 11 - exactly as expected though lower than the 13 recorded in October.

  • As the index is reported on a month-on-month basis, this suggests activity in the region slowed vs October, but was in line with the 11 posted in September.
  • Production, shipments, new orders, and employment rose at a slower pace.
  • KC Fed: "Manufacturing activity remained below year ago levels, but expectations for future activity remained solid. Prices paid for raw materials and finished goods continued to expand compared to a month ago and a year ago. District firms expected prices for both raw materials and finished goods to increase further in the next six months."
  • The Future Composite index was 21 (described by the KC Fed as 'solid'), similar to October's reading.
  • While not a market-mover in itself and in line with expectations, this was the third major regional Fed index (along with NY and Philadelphia) to show slowing manufacturing activity in November. Chicago and Richmond are released next week.
BulletMarketsFixed Income BulletsForeign Exchange Bullets

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.