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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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Free AccessOrder Books Contract at Sharpest Rate in 18 Months
- Manufacturing PMI data this morning came in ahead of expectations (52.4 vs. Exp. 51.9), slowing slightly from March’s 52.7. Markit highlighted supply-side issues, high levels of inflation and market instability as threats to sentiment. Order books fell for a second successive month and fell at the sharpest rate since November 2020.
- In a poll conducted by Parkiet, local economists see the NBP raising rates by 100bps to 5.50% on Thursday – in line with market consensus.
- Rzeczpospolita reports that Poland can't count on EU support from any new funds dedicated specifically to war refugees, with the unblocking of EU recovery funds for Poland still requiring a reversal of the Polish judiciary reform, in line with the relevant CJEU verdict, citing the EU commissioner for Home Affairs.
- Cabinet minister Stanislaw Szwed told PAP this weekend that Poland are to raise the minimum monthly wage by ~ PLN 400 in 2023. New wage settings will be made on Jan 1st and Jun 1st next year. The current minimum monthly wage sits at PLN 3,010.
- After-market on Friday, Poland was affirmed at A2 with Moody’s with the outlook remaining stable.
- Following her trip to Kyiv, US House Speaker Pelosi visits President Duda today, and the NBP release their Q2 lending report at 10am local time (0900BST).
To read the full story
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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.