BRIEF: IMF Says New EU Fiscal Rules To Help Contain Volatility

BRIEF: Fiscal Commitments "Critical" - Eurogroup's Donohoe

MNI BRIEF: Fed's Kashkari: 1-2 Years Before Inflation Hits 2%

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

CHINA PBOC CONDUCTS CNY20 BILLION VIA 7-DAY REVERSE REPOS THU

EZ/UK Bond Supply Calendar: EU Auction, BoE APF on Monday

US EIA: CRUDE OIL STOCKS EX SPR -2.55M TO 457.1M JUN 14 WK

Homebuilding Set To Keep Softening As Pullback In Permits Continues

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Peru GDP, Argentine Activity Data & IMF Disbursement Vote

LATAM
  • Highlights on the LatAm docket include Peru GDP and Argentina Economic Activity. Separately, the IMF’s executive board votes on Argentina’s most recent staff-level agreement, with a $7.5 billion disbursement potentially in play. For global markets, S&P Global US PMIs, US new home sales and EU consumer confidence are scheduled.
  • Eurozone August flash PMIs unsurprisingly reflected the French and German reports released earlier, with weaker than expected services, and a surprising uptick in manufacturing. Amid weak demand, employment slowed to near-stall speed with services inflation ticking higher. Meanwhile, UK PMI numbers showed weak demand via sluggish new orders as well as a further moderation in inflationary pressures, evident in the slowest pace of rise in input costs for two-and-a-half years.
    • Both EUR and GBP have unsurprisingly come under pressure, with the disappointing data prompting solid pullbacks for both EURJPY (-0.67% and GBPJPY (-1.11%) on Wednesday.
  • U.S. Commerce Secretary Gina Raimondo met Chinese Ambassador Xie Feng on Tuesday and had a "productive discussion" ahead of her trip to China (RTRS).
  • Iron ore rallied again in Singapore (+3.8%) to near its highest in a month. The steel-making staple has jumped 12% since last Wednesday’s close as the market assesses dwindling iron ore inventories which may lead mills to restock.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.