MNI China Daily Summary: Friday, November 22

UK NOV FLASH MANUF PMI 48.6 (FCST: 50.0); OCT 49.9

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

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

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

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?

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

Summary – June 12

LATAM
  • The US CPI release and the Fed decision should keep markets busy for the duration Wednesday. Sequential core inflation is seen remaining relatively steady in May at 0.3% m/m, while headline CPI is expected to pull back to +0.1% m/m, from +0.31% m/m in April. Meanwhile, the FOMC will ensure a full year of the Fed funds rate remaining at 5.25-5.50%, with focus on what is signalled for potential easing later this year. Outside of the Fed and US data, the ECB's Nagel appears just ahead of the US close.
  • In Latam, Brazil will publish services volume data for April, while Mexico May ANTAD same-store sales are also due.
  • Global News:
    • US (MNI) – The FOMC’s new Dot Plot is likely to show a shift in the Fed funds median to 2 cuts in 2024, versus 3 in the prior two editions, alongside a nudge higher in the inflation forecasts. There are increasing risks of a shift to just 1 cut after May's strong payroll gains, particularly if the CPI data come in on the strong side.
    • G-7 / RUSSIA – G-7 leaders will call on China to stop enabling and sustaining Russia’s war against Ukraine, according to a draft statement seen by Bloomberg. Kyiv’s allies are accusing Beijing of providing Russia with technologies and parts, aiding Moscow’s efforts to get around wave after wave of G-7 trade restrictions on many of those goods.
    • OIL – Global oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau amid plentiful supply growth, the IEA said. World consumption will “level off” at 105.6 million barrels a day in 2029, about 4% higher than last year’s level, amid surging sales of electric vehicles and improved fuel efficiency, the Paris-based policy adviser said in its annual medium-term outlook.
EM BulletHomepagemarkets-real-timeBulletEmerging Market NewsFOMC Calendar 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.