US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

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

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

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

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

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 – March 07

LATAM
  • Mexico CPI inflation data for February are released Thursday, with implications for this month’s Banxico policy meeting. Colombia February CPI data will also be published after the market close. Brazil January budget balance and Chile February trade data will cross, alongside Chile nominal wages for January. On the monetary policy front, the BCRP is widely expected to deliver another 25bp rate cut this evening, while maintaining a cautious tone. In the US, weekly jobless claims data are due, while Powell’s makes his second appearance in front of lawmakers - where he appears in front of the Senate Banking Committee.
  • YEN - the Japanese yen has climbed to a one-month high on Thursday, with Japanese bank shares rising and government bonds dropping as wage data and union wage increases have boosted speculation the central bank may raise interest rates later in March. USDJPY dropped over 1% to 147.85 at typing.
  • EU - Focus for the duration of the Thursday session rests on the ECB rate decision, at which the bank is expected to keep policy rates unchanged - with markets watching the updated macroeconomic projections for any clues on ECB policy through the summer months.
  • Global News:
    • US - President Joe Biden’s campaign plans to ramp up attacks on Donald Trump’s economic agenda for a second term, a shift from its current focus on the former president’s actions when he occupied the White House.
    • ISRAEL - Al Jazeera report that Israel have rejected a Hamas request for a permanent ceasefire, according to sources - with mediators trying, but failing, to bridge a gap between the two sides.
    • CHINA - China's exports registered a 7.1% y/y increase in the first two months of 2024, leading a strong start to the year, data released by Customs on Thursday showed. Imports rose 3.5% y/y between Jan-Feb period, marking the quickest rate of growth for the period. The increase in volume and commodity prices drove the gains. The trade surplus over the first two months was USD125.2 billion, following December's USD75.34 billion surplus.
BulletEM BulletEmerging Market NewsHomepageEuropean Central Bank (ECB) 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.