MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

Labour Market Continues Firming Despite Headline Unemployment Uptick

EZ/UK Bond Supply Calendar: Italy, EU Auctions, BoE APF Monday

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 3%

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Public sector borrowing higher than expected

UK DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Public finance data worse than expected with a higher deficit and downward revision to the January surplus (which itself was lower than expected).
  • Will look into the drivers here, but there was a lower income tax take in January than expected, and as these data have disappointed again it seems unlikely that we will have seen the rebounded expected to get the Jan+Feb sum back on the expected track.
  • Should be only minimal (if any) impact on markets, however, given that there are much bigger events today (BOE the big one for UK Markets, see our preview here)
96 words

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.
  • Public finance data worse than expected with a higher deficit and downward revision to the January surplus (which itself was lower than expected).
  • Will look into the drivers here, but there was a lower income tax take in January than expected, and as these data have disappointed again it seems unlikely that we will have seen the rebounded expected to get the Jan+Feb sum back on the expected track.
  • Should be only minimal (if any) impact on markets, however, given that there are much bigger events today (BOE the big one for UK Markets, see our preview here)