MNI China Daily Summary: Monday, November 11

MNI BRIEF: China Oct M2 Rises To Seven-Month High

MNI BRIEF: Japan Oct Sentiment, Outlook Indexes Both Fall

CHINA YTD NEW LOANS CNY16.52 TRLN VS MEDIAN CNY16.7 TRLN: PBOC

MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday

MNI BRIEF: PBOC Has Room For More Easing : Research Head

EZ/UK Bond Supply Calendar: NE, UK, DE Auction on Tuesday

MNI: NORWAY OCT CORE CPI +0.2% M/M, +2.7% Y/Y

MNI: NORWAY OCT CPI +0.6% M/M, +2.6% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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OUTLOOK: Price Signal Summary - Bear Cycle In Gilts Extends

OUTLOOK
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures are trading in a volatile manner and have recovered from their intraday low. The trend direction remains down and the earlier break to a fresh cycle low reinforces current conditions. The 131.00 handle has been cleared, signalling potential for an extension towards 129.99, a Fibonacci projection. Initial key resistance is at 132.22, today’s intraday high. A break of this level would be seen as an early bullish development.
  • A bearish condition in Gilt futures remains intact. The contract has recently traded through the 94.00 handle and is again trading lower, today. 92.99, a 2.00 projection of the Sep 17 - 30 - Oct 1 price swing has been pierced. This signals scope for an extension towards 92.23, a Fibonacci projection. The Oct 30 high of 96.65, is seen as a key S/T resistance where a break is required to highlight a possible base. Initial resistance is 94.73, Nov 1 high.
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  • In the FI space, Bund futures are trading in a volatile manner and have recovered from their intraday low. The trend direction remains down and the earlier break to a fresh cycle low reinforces current conditions. The 131.00 handle has been cleared, signalling potential for an extension towards 129.99, a Fibonacci projection. Initial key resistance is at 132.22, today’s intraday high. A break of this level would be seen as an early bullish development.
  • A bearish condition in Gilt futures remains intact. The contract has recently traded through the 94.00 handle and is again trading lower, today. 92.99, a 2.00 projection of the Sep 17 - 30 - Oct 1 price swing has been pierced. This signals scope for an extension towards 92.23, a Fibonacci projection. The Oct 30 high of 96.65, is seen as a key S/T resistance where a break is required to highlight a possible base. Initial resistance is 94.73, Nov 1 high.