MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

MNI: UK MAR RETAIL SALES +0% M/M, +0.8% Y/Y

Retail sales due at 7:00BST

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

Labour market data due at 7:00GMT

UK DATA
  • This morning's UK labour market data remains one of the remaining key datapoints for the MPC ahead of next week's policy decision (along with next week's CPI print).
  • Average weekly earnings data are expected to slip back a little in the 3-months to January versus the 3-months to February. If we do not see this pullback in earnings, there is likely to be more concern among MPC members surrounding inflation persistence.
  • Markets price around 17bp for next week's meeting with a terminal rate which is only 35bp higher than current rates by August. This is down from pricing of 27bp for the March meeting on Wednesday and a terminal rate of around 93bp by September.
  • Despite the moves seen in markets yesterday we still think a decent surprise in this data could result in a noteworthy move in market pricing for both next week's meeting and the terminal rate.
DataHomepageData BulletBulletMarketsFixed 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.