-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
Lower In Asia As ECB Policy Meeting Eyed; Australian Financials Hit 14-Month Low
Major Asia-Pac equity indices are lower at typing, tracking a negative lead from Wall St., ahead of the ECB’s meeting later on Thursday as well.
- To recap, the ECB is expected to end APP in early July while signalling the commencement of rate hikes, with debate re: the possibility of 50bp rate hikes increasingly coming to the fore. A reminder that this comes as Eurozone inflation last came in at a larger-than-expected, record high in May (+8.1% vs BBG median +7.8%), rising for a seventh consecutive month as well.
- China-linked, high-beta equities underperformed their broader domestic equity benchmarks amidst worry re: previously flagged, partial COVID lockdowns in Shanghai, with the Hang Seng Tech Index being 0.8% worse off, while the ChiNext Index and STAR50 deal 2.2% and 2.4% weaker respectively at typing.
- The Hang Seng Index and CSI300 trade 0.2% and 0.6% lower at typing respectively by comparison, with their respective real estate sub-indices outperforming (Hang Seng Properties: +1.1%; CSI300 Real Estate Index: +2.3%). Energy and materials names caught a bid on a rise in major crude benchmarks as well, with pessimism evident in richly-valued sectors such as the CSI300’s Consumer Staples and Healthcare sub-indices.
- The Australian ASX200 lagged peers, trading 0.9% lower at writing, with tepid performance in the major miners (0.2% firmer to 1.0% weaker) mixing with continued struggles in Australian financials. The ‘Big 4’ Australian banks sit 1.5% to 3.3% softer apiece, with the broader sub-index on track for a fourth consecutive day of losses (-7.3% for the week so far), although the gauge has notably rebounded from 14-month lows made earlier in the session.
- U.S. e-mini equity index futures sit 0.1% to 0.2% worse off at typing, a little above session lows after earlier pessimism surrounding Shanghai’s announced lockdown sent the various contracts to/around Wednesday’s worst levels.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.