MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Partial labour market data due at 7:00BST

UK DATA
  • At 7:00BST we will receive wage data, PAYE data and vacancies data from the labour market survey (with the headline unemployment print delayed until next week).
  • In our view, MPC speakers (particularly Huw Pill) have recently been trying to reduce the market impact to individual data releases by pointing to a greater array of data as being of importance for monetary policy and noting that the short-term focus of monetary policy will hopefully be coming to an end as inflation starts to fall back and the labour market becomes less tight.
  • The Bank of England had previously emphasised the importance of private sector regular pay (i.e. ex-bonuses). However, the September MPC report started to point towards other wage measures and other measures of labour tightness.
  • The ONS delaying other key parts of the labour market report will not help with confidence in the data and while we will continue to watch these data we note that they will be of much lesser importance than in recent months.
  • Hence the market reaction to these data, absent a large spike, should also be more moderate than in recent months.
For the full UK Data Preview document covering both labour market and inflation data including summaries of sellside forecasts see the PDF here.
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.