MNI: Rough Transcript of Powell's July Press Conference

MNI: Comparison of Powell's Opening Statement - July vs June

MNI: POWELL SAYS RATE CUT COULD BE ON TABLE AS EARLY AS SEPT.

MNI China Daily Summary: Wednesday, July 31

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -3.44M TO 433.0M JUL 26 WK

MNI: US NAR JUN PENDING HOME SALES INDEX 74.3 V 70.9 IN MAY

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

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

Retail Sales Fall 4.5% y/y, Moody’s Make No Decision on Hungary Rating

HUNGARY
  • Hungary’s retail sales fell 4.5% y/y (Est. -2.9%) in January compared to a revised -4.1% in December, according to figures released by the Central Statistical Office this morning, putting pressure on the EURHUF cross (-0.35%) at the start of the session.
  • Moody’s made no decision on Hungary’s sovereign credit rating on Friday having not updated the rating in September either. Their rating assessment of Hungary currently stands at Baa2, the second-lowest investment grade score, with a stable outlook. The next review by Fitch is scheduled for June 23, with S&P following two weeks later. Moody’s will come on September 1.
  • Peace in Ukraine would save lives, that is why the Hungarian government urges a ceasefire and immediate peace talks, minister of foreign affairs and trade Szijjarto told Croatian news channel N1 on Sunday as reported by MTI. The comments echo similar rhetoric from Prime Minister Orban and other government officials who have continued to criticise the EU for increasing sanctions placed on Russia.
  • Looking ahead, CPI data (Est. 24.5% y/y) crosses on Wednesday, which is expected to show inflation having peaked in January. Industrial production data (Est. 4.3% y/y), budget balance data and trade balance data are all on the docket this week also.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.