MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1028 Tues; -5.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1028 TUES VS 7.0979

MNI China Daily Summary: Monday, April 15

GBPUSD possible reversal if STIR markets see more rate cut expectations

Early BOE cuts look less likely after strong wage data

Private sector regular wage growth higher than consensus expectation

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

Quicktake: JP Morgan on Q2 Real GDP

US DATA
Ahead next week Thu's GDP growth figures for Q2, JP Morgan economists lower their forecast from 9.0% to 8.0%, citing GDP source reports that have "generally have disappointed on net in recent weeks and we have been noting downside risk to our GDP forecast for Q2."
  • Meanwhile, JPM maintains their "GDP outlook unchanged beyond Q2, with our forecast continuing to look for 8.25% annualized real GDP growth in Q3."
  • "Our somewhat weaker tracking of inventory investment in Q2 might normally imply some upside risk to GDP in Q3, as restocking needs would be that much greater. However, we are nudging down our projection for final sales in Q3. The Delta variant may impart a little more caution in consumer behavior, and we are adjusting our Q3 real consumption forecast lower from 5.0% to 4.5% to better balance risks around our outlook."
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.