CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Some sellside views ahead of this morning's August GDP print

UK DATA
  • The Bloomberg consensus looks for 0.5%M/M.
  • Deutsche Bank: Forecast 0.3%M/M: "Risks to our forecast are tilted to the upside (modestly). We will be looking at three things in particular: first, how strong of a rebound do we get in the services sector? (our nowcast models point to only a modest bounce); second, will supply chain disruptions continue to hamper manufacturing? (we think yes with manufacturing shrinking again in August); and lastly, will the construction sector shake of its malaise despite sustained price pressures and labour/material shortages (we are far less optimistic on this)."
  • Barclays: Forecast 0.5%M/M "Driven by services (fc. 0.6%) as behaviour continued to normalise following the final removal of restrictions on 19 July. We expect IP to expand by 0.4% m/m, with weakness in manufacturing from supply-bottlenecks (in particular, motor vehicle production) likely to be offset by energy."
  • Morgan Stanley: Forecast 0.8%M/M: "We see a pick-up in the monthly pace of growth. We then expect growth to start normalising from September, as monthly activity reaches its pre-COVID-19 levels of activity. Supply chain disruptions will likely continue to weigh on manufacturing output, although we expect some bounce-back from a very weak July in sectors outside car production. Construction should bounce back on the month as well, we think, although labour shortages pose a downside risk"
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed 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.