FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Outperforming G10 On Equity Strength

SEK

The SEK is the G10 outperformer this morning, with positive equity market risk-sentiment the key driver. While off intraday lows at typing EURSEK remains -0.3% lower on the day. EURSEK's intraday low of 11.1385 was the lowest since Jan 2 and moving average studies remain in a bear-mode setup.

  • European equities have traded on the front-foot today following last night's post-NVIDIA earnings rally in US futures. NVIDIA is currently up over 14% pre-market, with S&P futures eyeing the first resistance and bull trigger at 5066.50 (Feb 12 high).
  • Earlier today, the NDO announced earlier that nominal SGB issuance volumes would increase to SEK3.5bln per auction as of March and SEK4bln per auction as of August (from SEK3bln at present). The increase is in part due to a SEK40bln capital injection for the Riksbank - a risk we had flagged in a recent analysis piece on the Riksbank's recapitalisation.
  • Looking ahead, the next main datapoint on the Swedish docket is February's Economic Tendency Indicator on Feb 28, with an appearance from Governor Thedéen on Feb 27 the only scheduled Riksbank appearance at present.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.