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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.
TRANSPORTATION
Lufthansa (LHA GY) is seeing its curve widen this afternoon on strike news.
- Ver.di, which covers transport, has called for strikes at a range of German airports tomorrow (1-Feb), acc to DPA, ahead of a 2-Feb strike across large parts of the rail network.
- Lufthansa’s credit has had a good run of tightening since Oct-23, alongside peers, though notably AirFrance-KLM has closed the discount to LHA meaningfully over that period, too. Recent spikes in oil prices are obviously unhelpful, too.
- Any prolonged periods of industrial action, especially if becoming nationally co-ordinated, can be meaningfully damaging to an airline. On the basis that the next Bundestag elections are on 11-Feb, this may be a more limited run, however.
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.
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