MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

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

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

Putin to Meet Austria’s Nehammer, in First Face-to-Face Meeting With a European Leader

RUSSIA
  • The Austrian chancellor is due to be meeting with Putin in Moscow today, and will become the first Western leader to hold in-person talks since the outbreak of the Ukraine crisis. Nehammer is thought to have discussed his trip with other EU leaders as well as Ukraine’s Zelensky, who he met in Kyiv on Saturday.
  • Russian press Izvestia reports that Russia are to halt all bond auctions for the rest of the calendar year as borrowing costs are now deemed ‘prohibitive’. Finance minister Siluanov was quoted as saying that Russia don’t plan to sell bonds either locally or in foreign markets this year, as the borrowing costs would be ‘cosmic’. The finance ministry’s previous plans showed RUB 700bln in issuance across the first quarter, of which Russia only sold RUB 128bln.
  • S&P have revised Russia’s foreign currency rating to ‘selective default’, joining the other major ratings agencies in taking a similar view. The news comes ahead of what is likely an inevitable default for Russia, after a payment of $650mln was rejected by foreign banks, forcing Russia to offer RUB instead.
  • In Ukraine, local reports the Dnipro airport situated on the Dnipro river, West of Donetsk and Luhansk, has been destroyed by Russian missile strikes – the latest evidence that’s prompted Zelensky to expect a wider offensive line following the withdrawal from the territory surrounding Kyiv.
  • In a statement released late yesterday, POTUS outlined his intention to press India further into taking a more hardline stance on Russia, after Modi declined to criticize Russian aggression in Ukraine. US and Indian foreign and defence officials are to meet in Washington this week.
  • Data due Monday includes current account and trade balance releases, alongside official reserve assets. Numbers cross at 1400BST/0900ET.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.