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

Summary – June 07

LATAM
  • May CPI data take the focus on Friday, with Chile inflation set to tick up to 4.1% y/y, while Mexico headline inflation is also expected to edge higher, even as core inflation moderates further. Chile trade figures for May are also due, followed by Brazil vehicle sales data. In the G10, all focus is on the US employment data to finish off the week, with Canadian jobs data also crossing. US nonfarm payrolls are expected to partially rebound to 180k in May from April's surprisingly low 175k.
  • Global News:
    • {US} (MNI) – While payrolls are expected to accelerate from the prior month, the consensus outcome if realised would be seen as reinforcing the view that the labour market has shifted into a softer but still-solid phase of growth. The rebound is seen being led by a recovery in government job gains. Private payrolls are seen posting a fairly flat rise of roughly 165k, vs 167k in April, with health and social assistance sector payrolls still providing the biggest boost.
    • US / UKRAINE – President Biden plans to meet with President Zelensky of Ukraine on Friday at a critical juncture in the war with Russia as the two allies seek ways to reverse the momentum on the battlefield. The two presidents are to sit down in Paris where they are participating in ceremonies marking the 80th anniversary of the D-Day landings.
    • CHINA / GOLD – China’s central bank didn’t buy any gold in May, ending a massive gold buying spree that had run for 18 months after the precious metal surged to a record high. Bullion held by the PBoC was unchanged at 72.80 million troy ounces in May, according to data released Friday. It’s the first time the country has opted not to add to its reserves since October 2022, and follows a recent move by the central bank to start scaling down the size of monthly purchases.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.