MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

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

Riding The Equity Rebound, September CPI Mixed

KRW

1 month USD/KRW fell by 1.15% yesterday, amid broad USD weakness and stronger equity sentiment. We closed near the session lows for the pair in NY, 1415.5. The September 22 high at 1413/14 is nearby, beyond that is the 20 day MA at 1405.74. Note onshore spot ended yesterday at 1426.45.

  • The equity lead for the Kospi is once again positive (SOX + 4.46%, MSCI IT +3.59%). This comes after yesterday's +2.50% gain, while offshore investors added $196.1mn to local shares.
  • CPI figures for September, which just printed, presented a mixed bag. Headline pressures were a touch softer than expected at 0.3% m/m (versus 0.4% forecast), while the y/y number came in at 5.6%, against 5.7% expected.
  • Core inflation edged up to 4.5% y/y, slightly stronger than forecast. This measure is back around recent highs. 7 out of 12 sub indices recorded either stronger y/y momentum or the same y/y pace compared to August.
  • Tentative signs of moderating inflation pressures will be welcome by the authorities, although the sticky core trend could still prompt a firm response from the BoK next week (i.e. 50bps).
EM BulletHomepageBulletMarketsEmerging Markets NewsForeign 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.