Free Trial

Morning Summary: Officials To Present Reopening Plan Next Wednesday

POLAND
  • Covid daily new cases continue to drop with the 7D SMA falling from 20,400 to 12,700 in the past 7 days. Polish officials will present a detailed plan for reopening sectors such as restaurants and hotels next Wednesday; however, restrictions will be lifted gradually as levels of hospitalizations and deaths remain high.
  • Yesterday, we saw that March retail sales surged more than expected to 17.1% (vs. 12.5%), while construction fell by 10.8% (vs. 9.7% exp).
  • Today, annual change in March money supply (M3) will be released at 1pm (London time), expected to ease to 14.1% from 16.3% the previous month.
  • Next important economic data to watch is the preliminary CPI coming out on April 30; policymakers have recently mentioned several times that inflationary pressures could continue to rise in the short term and that April CPI could reach 4% YoY in April (diverging significantly from the 3.5% NBP upper tolerance band).

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.