MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

Q1 Sectoral Accounts Suggest Solid Real Income Gains

Services Behind Slight Fall In July ISTAT Business Confidence

Unemployment Falls To 11.3% In Q2, Driven By Services

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

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

PMI Nudges Higher, Dollar Strength Impacts Noted

US DATA
  • The S&P Global US manufacturing PMI was modestly revised up 0.2pts to 52.0 in the final September print, leaving a 0.5pt increase from August’s 51.5 but still close to lows for the post-pandemic recovery.
  • It introduces some evidence against the slide in the MNI Chicago PMI and helps Tsy yields pull off session lows but impact limited ahead of the ISM counterpart following closely at 1000ET.
  • Dollar strength sees focus in press release: “Manufacturers across the board are, however, reporting further export losses, linked to weaker economic growth abroad and the dollar’s strength. “While the strong dollar is curbing exports, a beneficial effect from the greenback’s strength is being seen via lower import costs. With supply chain delays also easing substantially again in September and shipping costs falling, upwards pressure on firms’ costs has moderated sharply, which will feed through to lower goods prices to consumers.””
Energy BulletsCommodities
Energy BulletsCommodities

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.