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 – May 29

LATAM
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • Banxico will publish its latest inflation report on Wednesday, while in Brazil FGV IGPM inflation, primary budget balance and April labour market data will cross. In the US, Richmond Fed manufacturing data and an appearance from the Fed's Williams are due, ahead of the latest Beige Book from the Fed.
  • Global News:
    • US / ISRAEL – The White House said an Israeli strike on an encampment in Rafah that left dozens dead was devastating but would not cause President Biden to freeze additional arms shipments to the country. The US would be monitoring the investigation into the incident and expected Israel to learn lessons from the airstrike, National Security Council spokesman John Kirby said.
    • CHINA MNI (Beijing) – The IMF has increased its China GDP forecast to 5% this year and 4.5% in 2025, up 0.4 pp for both years, an IMF report said Wednesday. Strong Q1 GDP data and recent policy measures drove the revision, while core inflation will average 1% in 2024, the report said. Authorities' recent property support measures were welcome, but a more comprehensive package would ensure less costly transition while mitigating downside risks, the report noted.
    • JAPAN (MNI) – BoJ board member Seiji Adachi said on Wednesday that the Bank could need to adjust the degree of easy policy through rate hikes faster than previously thought. “If the weak yen accelerated or if it is prolonged, there is the possibility that the year-on-year change of consumer price index would reverse earlier than expected," Adachi said.
    • SOUTH AFRICA (MNI) – South African voters head to polling stations today in a highly consequential election, although the results may not be announced until the weekend. Support for the ruling ANC edged higher into the election day, with the closely watched daily tracker estimating it at 42.2% on May 27. If the support for the ANC falls below 50%, the party will need to find a coalition partner for the first time in South Africa's post-Apartheid history.
323 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.
  • Banxico will publish its latest inflation report on Wednesday, while in Brazil FGV IGPM inflation, primary budget balance and April labour market data will cross. In the US, Richmond Fed manufacturing data and an appearance from the Fed's Williams are due, ahead of the latest Beige Book from the Fed.
  • Global News:
    • US / ISRAEL – The White House said an Israeli strike on an encampment in Rafah that left dozens dead was devastating but would not cause President Biden to freeze additional arms shipments to the country. The US would be monitoring the investigation into the incident and expected Israel to learn lessons from the airstrike, National Security Council spokesman John Kirby said.
    • CHINA MNI (Beijing) – The IMF has increased its China GDP forecast to 5% this year and 4.5% in 2025, up 0.4 pp for both years, an IMF report said Wednesday. Strong Q1 GDP data and recent policy measures drove the revision, while core inflation will average 1% in 2024, the report said. Authorities' recent property support measures were welcome, but a more comprehensive package would ensure less costly transition while mitigating downside risks, the report noted.
    • JAPAN (MNI) – BoJ board member Seiji Adachi said on Wednesday that the Bank could need to adjust the degree of easy policy through rate hikes faster than previously thought. “If the weak yen accelerated or if it is prolonged, there is the possibility that the year-on-year change of consumer price index would reverse earlier than expected," Adachi said.
    • SOUTH AFRICA (MNI) – South African voters head to polling stations today in a highly consequential election, although the results may not be announced until the weekend. Support for the ruling ANC edged higher into the election day, with the closely watched daily tracker estimating it at 42.2% on May 27. If the support for the ANC falls below 50%, the party will need to find a coalition partner for the first time in South Africa's post-Apartheid history.