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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.
CZECHIA
- This morning, economic data showed that PPI inflation accelerated to 28.5% in June (vs. 28.8% exp.), up from 27.9% the previous month.
- Data on consumer and business confidence surveys will come out next week on July 25.
- The collapse in consumer surveys due to the elevated inflationary pressures has also been pricing in a significant deterioration in the economic outlook.
- The chart below shows that consumer confidence has strongly led industrial production by 6 months in the past two decades and is also pricing in a sharp deceleration in the economic activity.
- Czech Republic is ramping up natural-gas reserves and has secured shipments from new suppliers to mitigate the mounting risk that Russia will not restart a key European pipeline before winter. Over the past few months, the Czech Republic has been filling up its gas storage facilities, which are now about 77% full, according to Sikela (BBG).
Source: Bloomberg/MNI
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.
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