CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Papers See South Africa Past Peak Inflation

SOUTH AFRICA
  • Business Day run two separate pieces on inflation, both suggesting we’ve moved past peak price rises in South Africa. The first piece cites the Bidcorp CEO (one of the largest food services firms in South Africa) in saying that the worst of the price increases have now come to pass, and the firm is seeing inflation taper off. The second is an editorial piece, breaking down yesterday’s inflation release and noting that SA’s 7.8% is still short of inflation levels seen in the US and UK.
  • Responding to questioning yesterday, the Deputy Minister for State Security has confirmed that no resources of the state were used or involved in any cover up either before or after the supposed criminal acts at Ramaphosa’s Phala Phala farm in 2020. The questioning comes amid allegations that the President could have used state resources to cover up any supposed robbery and breach of foreign exchange laws.
  • Following strike action across the country yesterday, a number of papers write about the limited impact of the industrial action, with more firms conducting business as usual, although protesters threatened another walkout in two weeks’ time if demands are not met by the government.
  • Government Minister Gungubele has reiterated that the government has no plans to sell Eskom, in an attempt to reassure protestors concerned about a possible privatisation.
  • PPI takes focus going forward, with markets expecting a 17.5% print Y/Y and a 1.8% read for the M/M release.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.