Free Trial

MNI Global Morning Briefing

MNI (London)
     LONDON (MNI) - Weak Wednesday is back with little to report on. One release
worth keeping an eye on will be the RBNZ and their official cash rate decision
later on in the calendar.
     Starting off, in France at 0630GMT, is the BoF business survey. The
previous manufacturing and sentiment index readings were 101.0 and 103.0
respectively.
     Up next at 0700GMT is industrial production in Spain. The y/y growth rate
was previously 1.6%.
     The OECD leading indicator for the Euro Area is at 1000GMT. The prior index
reading was 99.9.
     The States have one speech at 1245GMT from Richmond Federal Reserve Bank
President Thomas Barkin in Roanoke, Virginia.
     The afternoon throws up a couple of second tier data releases, with the DOE
weekly crude oil stocks expected at 1430GMT and the Kansas City Fed LMCI at
1500GMT.
     Straight to New Zealand at 2100GMT, and the RBNZ monetary policy statement
and official cash rate decision will cross the wire. Analysts are anticipating
an unchanged cash rate at 1.75%. A press conference follows at 2200GMT.
     Moving to Japan at 2350GMT and they release their machinery orders data.
Previous m/m growth of -3.7% is expected to moderate slightly to -1.0%.
     Concluding the calendar at 0130GMT is China's CPI and PPI data. The y/y
growth rate in CPI is expected to remain unchanged at 1.9%. However, the y/y
growth rate in PPI is expected to drop 0.3pp to 4.4% from 4.7% previously.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });