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

PM Orban Announces Further Easing of Covid Restrictions

HUNGARY
  • PM Orban announced in his regular radio interview earlier that Hungary was preparing to ease more Covid restrictions (i.e. wearing of a mask) as 5.5mil people have now received at least one dose of the vaccine. Hungary reported its first day without Covid deaths after 10 months.
  • Orban said that the Hungarian government had taken decisions on expanding telecommuting, on export credit and on the launch of job-creating investments in 17 cities, in order to stimulate the economic recovery (BBG).
  • Yesterday, June manufacturing PMI rose to 54.7, slightly less than expected (55) and up from revised 53.1 the previous month.
  • USDHUF has been retracing higher in the past week and is currently testing its 100DMA at 297.60; next level to watch on the topside stands at 299 (200DMA). On the downside, first support stands at 291.90 (50DMA), followed by 290.
  • Hungary 10Y yield ticks lower this morning, currently trading slightly below its 50DMA (2.87%); supports to watch on the downside stand at 2.74% (100DMA), followed by 2.67%. On the topside, ST key resistance stands at 3%.
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.