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MNI EUROPEAN MARKETS ANALYSIS: China Housing Headlines Buoy Risk Appetite, US CPI Coming Up

  • Headlines that China is looking into allowing local governments to purchase unsold homes supported risk appetite today. China real estate stocks rose, while CNH, AUD and NZD rallied. Overall, China equity markets are still tracking lower at this stage though.
  • As expected, the 1yr MLF rate was held steady in China. Australian Q1 wages were slightly below consensus expectations, but close to RBA forecasts.
  • It has been a steady session for both US Tsy and JGB futures, with focus on the upcoming US CPI print.
  • Outside of the US inflation print, appearances from ECB's Rehn, Muller, Villeroy & Makhlouf and Fed's Kashkari & Bowman are due.

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  • Headlines that China is looking into allowing local governments to purchase unsold homes supported risk appetite today. China real estate stocks rose, while CNH, AUD and NZD rallied. Overall, China equity markets are still tracking lower at this stage though.
  • As expected, the 1yr MLF rate was held steady in China. Australian Q1 wages were slightly below consensus expectations, but close to RBA forecasts.
  • It has been a steady session for both US Tsy and JGB futures, with focus on the upcoming US CPI print.
  • Outside of the US inflation print, appearances from ECB's Rehn, Muller, Villeroy & Makhlouf and Fed's Kashkari & Bowman are due.

MARKETS

Keep reading...Show less