FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Little Changed Ahead Of Central Bank Policy Decisions

OIL

WTI and Brent are $0.20 firmer apiece at writing, having struggled to breach Monday’s best levels in Asia-Pac dealing as worry re: central bank-led economic slowdowns remains elevated heading into a host of central monetary policy decisions due this week.

  • Focus for the week will be on the FOMC on Wed, with recent Dollar strength providing headwinds for crude as the DXY continues to hover near recent cycle highs.
  • Hope surrounding a U.S.-Iran nuclear deal remains scant, with France saying on Monday that there would “not be a better offer”, highlighting that no parallel efforts were underway to advance the talks, echoing remarks from the EU’s Borrell that he did not see a better solution.
  • BBG source reports have pointed to the UAE bringing forward plans to raise crude output capacity to 5mn bpd by 2025 (from 2030 prev). The UAE’s current output is estimated at ~3.4mn bpd.
  • Elsewhere, the U.S. announced the sale of 10mn bbls of crude from the SPR for delivery in Nov, representing an extension in the schedule for existing plans re: a 180mn bbl release from the SPR.
Energy BulletsCommodities
Energy BulletsCommodities

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.