Free Trial

Mexico Industrial Output, Expectations Build For PBOC Easing

LATAM
  • Mexico Industrial Production is the key Latin American data release on Friday. In G10, the Canadian jobs report takes focus going. The Fed remain in their pre-meeting media blackout, meaning speeches from ECB's de Cos and Centeno will be watched by markets.
  • Greater-than-expected economic headwinds are putting pressure on the People’s Bank of China to ease policy, with its recent guidance for banks to lower interest on deposits indicating a likelihood of a cut to its medium-term lending facility rate as soon as next week, policy advisors and analysts told MNI. A cut to the MLF and also to the seven-day repo rate would help stabilise growth, said Zhu He, senior fellow at China Finance 40 Forum, speaking after May export data added to disappointing performances by investment and consumption indicators.
  • Bank of Japan officials see little need to adjust its yield curve control program next week given improvement in the functioning of the bond market and the smooth shape of the yield curve, according to people familiar with the matter.

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.