EUROZONE NOV FLASH MANUF PMI 45.2 (FCST: 46.0); OCT 46.0

GERMANY NOV FLASH MANUF PMI 43.2 (FCST: 43.0); OCT 43.0

FRANCE NOV FLASH MANUF PMI 43.2 (FCST:44.5); OCT 44.5

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI: GERMANY Q3 FINAL GDP 0.1% Q/Q (VS FCST 0.2%)

MNI: UK OCT RETAIL SALES -0.7% M/M, +2.4% Y/Y

MNI: UK NOV GFK CONSUMER CONFIDENCE INDEX -18

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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Summary – April 16

LATAM
  • In Brazil, the BCB will publish its latest focus survey on Tuesday, following FGV CPI inflation data. Elsewhere, Mexico will release weekly international reserves figures. In the G10, Canadian CPI data will cross, while US industrial and manufacturing production numbers are also due. Central bank speak consists of speeches from the Fed's Jefferson, Williams, Barkin, Collins and Powell - who participates in a moderated Q&A session.
  • Global News:
    • US (MNI) – San Francisco Fed President Mary Daly reiterated Monday there is no urgency to lower interest rates, as inflation is still high and the labour market shows no signs of faltering. "The worst thing we can do right now is act urgently when urgency is unnecessary. Policy is in a good place right now," she said at a Stanford University event.
    • US – Speaker Mike Johnson plans separate US House votes this week on new aid to Israel and Ukraine, in an attempt to assemble fragile coalitions to speed weaponry to both besieged allies. The move could end a months-long Republican blockade on help for Kyiv while also responding quickly to Iran’s missile and drone attack in Israel over the weekend.
    • JAPAN (MNI) – BoJ officials are watching the impact of the soft yen on household living costs and consumption and whether it weakens the relationship between wages and inflation, making it harder for corporate retailers to raise prices, MNI understands. The weak yen will increase food and energy prices, which could negatively impact consumption, stall the economic recovery and impede longer-term price rises, putting the BOJ's sustainable 2% price target achievement in jeopardy.
    • CHINA MNI (Beijing) – the Chinese economy grew by 5.3% y/y, or 1.6% q/q, in Q1, beating the 4.6% forecast and accelerating from 2023's 5.2% growth, data released by the National Bureau of Statistics showed on Tuesday. Growth was mainly driven by the rebound in industrial output and the improvement of the services industry, said Sheng Laiyun, deputy director of the NBS at a press conference.
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News

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