MNI China Daily Summary: Tuesday, March 11

MNI BRIEF: 'Momentus and Dangerous' Geopolitical Shift - Rehn

MNI INTERVIEW2: China Developers Need More Help To Consolidate

MNI INTERVIEW: Czech National Bank Seen Holding This Month

MNI China Press Digest March 11: Housing, Car Prices, Railway

MNI: PBOC Net Drains CNY0.5 Bln via OMO Tuesday

MNI: US REDBOOK: MAR STORE SALES +5.7% V YR AGO MO

US NFIB FEB SMALL BUSINESS INDEX 100.7

MNI: UK BRC FEB BY VALUE SHOP SALES LFL +0.9% YY, TOTAL +1.1% YY

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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HUNGARY: Prime Minister Orban Headlines Central Bank Conference

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Prime Minister Viktor Orban headlines a central bank conference from 08:00GMT/09:00CET. The event will include a recorded video message from ECB President Christine Lagarde and the participation of ECB rate-setters Peter Kazimir, Robert Holzmann and Boris Vujcic. The conference runs until 15:30GMT/16:30CET.
  • The EU is set agree to extend sanctions on Russia over its war against Ukraine with Hungary ready to lift its opposition to the move, Bloomberg report citing people familiar with the matter. The piece adds that in return for backing down, the bloc’s executive arm will provide several assurances relating to energy security.
  • US Secretary of State Marco Rubio has pledged to review penalties the Biden administration imposed on Hungary, Foreign Minister Peter Szijjarto said after holding talks with his US counterpart as per Bloomberg. The Biden administration had severed a bilateral tax treaty with Hungary and tightened entry rules for Hungarians as part of steps to push Orban to loosen his ties with Russia and China and reverse rule of law erosion.
  • There are no local data releases scheduled for today, with focus turning to the NBH rate decision tomorrow afternoon. There, no change to the 6.50% base rate is the unanimous consensus among sell-side. Our full preview for the decision will be released later today.
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  • Prime Minister Viktor Orban headlines a central bank conference from 08:00GMT/09:00CET. The event will include a recorded video message from ECB President Christine Lagarde and the participation of ECB rate-setters Peter Kazimir, Robert Holzmann and Boris Vujcic. The conference runs until 15:30GMT/16:30CET.
  • The EU is set agree to extend sanctions on Russia over its war against Ukraine with Hungary ready to lift its opposition to the move, Bloomberg report citing people familiar with the matter. The piece adds that in return for backing down, the bloc’s executive arm will provide several assurances relating to energy security.
  • US Secretary of State Marco Rubio has pledged to review penalties the Biden administration imposed on Hungary, Foreign Minister Peter Szijjarto said after holding talks with his US counterpart as per Bloomberg. The Biden administration had severed a bilateral tax treaty with Hungary and tightened entry rules for Hungarians as part of steps to push Orban to loosen his ties with Russia and China and reverse rule of law erosion.
  • There are no local data releases scheduled for today, with focus turning to the NBH rate decision tomorrow afternoon. There, no change to the 6.50% base rate is the unanimous consensus among sell-side. Our full preview for the decision will be released later today.