MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

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

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Summary – June 10

LATAM
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • The BCB will publish its usual Focus survey on Monday, where attention will be on the CPI and SELIC rate forecasts, which have been rising in recent weeks. Elsewhere, the calendar ahead is light, with just the NY Fed's inflation expectations survey due. On the central bank speaker slate the ECB's Holzmann is appearing later today. Holzmann was reportedly the only dissenter at the ECB's decision to cut rates last week, meaning his appearance today could carry more weight.
  • Global News:
    • EU - European markets have been left reeling by a bruising set of European Parliamentary election results, with right-wing parties across the continent surging ahead in the polls and triggering a wholly unexpected election call from the French President Macron. As such, markets trade with a heavy dose of political risk premium, tipping yields to rise across Europe and weighing on the single currency.
    • US / ISRAEL - Secretary of State Antony Blinken is due to meet President Abdel Fattah El-Sisi in Egypt on Monday as the US attempts to push a last-ditch cease-fire proposal publicly endorsed by President Biden but brushed off so far by both Israel and Hamas. Blinken then travels to Israel where he is expected to meet Prime Minister Netanyahu, whose government is under renewed pressure after retired general Benny Gantz resigned from the emergency war cabinet.
    • EU - The ECB’s next policy decisions will depend on how the economy and inflation will develop, Governing Council member Martins Kazaks said in an interview with Latvia’s TV3. He cautioned that “inflation has a tendency to return”, and added that “the financial markets at the moment are pricing in one to two more cuts this year — we will see”. Kazaks said that “the good news is that we are starting to climb down” from the rate peak.
297 words

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.
  • The BCB will publish its usual Focus survey on Monday, where attention will be on the CPI and SELIC rate forecasts, which have been rising in recent weeks. Elsewhere, the calendar ahead is light, with just the NY Fed's inflation expectations survey due. On the central bank speaker slate the ECB's Holzmann is appearing later today. Holzmann was reportedly the only dissenter at the ECB's decision to cut rates last week, meaning his appearance today could carry more weight.
  • Global News:
    • EU - European markets have been left reeling by a bruising set of European Parliamentary election results, with right-wing parties across the continent surging ahead in the polls and triggering a wholly unexpected election call from the French President Macron. As such, markets trade with a heavy dose of political risk premium, tipping yields to rise across Europe and weighing on the single currency.
    • US / ISRAEL - Secretary of State Antony Blinken is due to meet President Abdel Fattah El-Sisi in Egypt on Monday as the US attempts to push a last-ditch cease-fire proposal publicly endorsed by President Biden but brushed off so far by both Israel and Hamas. Blinken then travels to Israel where he is expected to meet Prime Minister Netanyahu, whose government is under renewed pressure after retired general Benny Gantz resigned from the emergency war cabinet.
    • EU - The ECB’s next policy decisions will depend on how the economy and inflation will develop, Governing Council member Martins Kazaks said in an interview with Latvia’s TV3. He cautioned that “inflation has a tendency to return”, and added that “the financial markets at the moment are pricing in one to two more cuts this year — we will see”. Kazaks said that “the good news is that we are starting to climb down” from the rate peak.