MNI China Daily Summary: Friday, February 7

MNI: GERMANY DEC INDUSTRIAL PRODUCTION -2.4% M/M

MNI: GERMANY DEC TRADE BALANCE E20.7BLN

MNI: PBOC Net Drains CNY100.3 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1699 Fri; -1.35% Y/Y

MNI BRIEF: Fed's Waller - Dollar To Remain Reserve Currency

MNI JAPAN DEC HOUSEHOLD SPENDING +2.7% Y/Y; NOV -0.4%

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -174 BCF TO 2,397 BCF JAN 31 WK

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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CROSS ASSET: The Dollar is in the Green ahead of the NFP

CROSS ASSET
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • G10 FX sees the Dollar on the front foot ahead of the awaited US NFP/AHE, these look to be more of a pure FX moves, Risk Tone, remains clearly On, and putting the moves on the the US Yield is stretching it somewhat.
  • US 10yr Tnotes has again found some selling interest ahead of the 4.40% support in Yield.
  • This level equated to 109.26 Yesterday, and the contract faded from a 109.24 high Yesterday, despite the weaker US IJC.
  • The 4.40% level, equates to 109.26+ today.
  • Nonetheless, it is still a little perplexing to see the Yen under pressure, some unwind and profit taking can't be ruled out, with some market participants unwinding at the 151.00 level in USDJPY, when you consider that the USDJPY fell a whopping 493 pips just this week.
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  • G10 FX sees the Dollar on the front foot ahead of the awaited US NFP/AHE, these look to be more of a pure FX moves, Risk Tone, remains clearly On, and putting the moves on the the US Yield is stretching it somewhat.
  • US 10yr Tnotes has again found some selling interest ahead of the 4.40% support in Yield.
  • This level equated to 109.26 Yesterday, and the contract faded from a 109.24 high Yesterday, despite the weaker US IJC.
  • The 4.40% level, equates to 109.26+ today.
  • Nonetheless, it is still a little perplexing to see the Yen under pressure, some unwind and profit taking can't be ruled out, with some market participants unwinding at the 151.00 level in USDJPY, when you consider that the USDJPY fell a whopping 493 pips just this week.