MNI BRIEF: IMF Cuts Japan 2024 GDP View To +0.7% Vs. Apr 0.9%

CANADA JUNE CPI +2.7% YOY VS FORECAST +2.8%, PRIOR +2.9%

MNI China Daily Summary: Tuesday, July 16

MNI: PBOC Net Injects CNY674 Bln Via OMO Tue; Rates Unchanged

MNI China Press Digest July 16: LPR, Q2 Data, Property

MNI: PBOC Sets Yuan Parity Higher At 7.1328 Tue; -1.79% Y/Y

MNI: US MAY BUSINESS INVENTORIES +0.5%; SALES +0.0%

MNI: US NAHB HOUSING MARKET INDEX 42 IN JUL

Rebound In Core Import Prices Could Pose Some Fed Concern

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

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

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

Reasoning Behind The Defensive Start To The Week

CROSS ASSET

A quick reminder of some of the points that have resulted in a risk-off feel at the start of the new trading week:

  • General worry surrounding the deepening of COVID impact/fear across several Asia-Pac economies/nations, most notably Australia
  • The first point has allowed equities to extend lower, building on Friday's negative lead from Wall St.
  • U.S. T-Note futures have breached last week's high, with broader volume in the contract running comfortably above average for this time of day.
  • Lower oil prices in the wake of the latest OPEC+ agreement, which will see the group lift crude output by 400K bpd/month from August with several parties to the deal set to receive new baselines during '22 (although the length of the pact has been extended).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
EM BulletHomepageEmerging Market NewsCommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
EM BulletHomepageEmerging Market NewsCommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.