Free Trial
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.
SPAIN DATA
The change in Spanish unemployment claims for September showed a second consecutive monthly increase to 19.8k persons (vs 24.8k prior).
- Services were the only sector to show a positive change in claims, (18.8k vs 23.1k prior) while construction, agriculture and industry showed small falls.
- Tomorrow's Spanish services PMI for September will be closely eyed to gauge the impact that softer demand is having on service sector employment alongside inflation. Expectations are for 49.8 (vs 49.3 prior).
- Last month's release noted that "firms responded to lower inflows of new work by slowing the pace at which they raised their headcounts."
- Spain's 2s10s curve has twist steepened almost 4bps this morning - led by the short-end. Today's data docket is light with ECB speak from Lane (panel participation at the Bank of Lithuania conference previously highlighted) and Villeroy later potential areas of interest.
- Lane's earlier comments did not move markets, pointing well-known risks to the eurozone inflation outlook, while Villeroy speaks on CDBCs.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok