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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.
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Free AccessTrump Diagnosis Leaves Markets Pondering Stimulus Chances
An aggressive wave of risk-off early Friday on the breaking news of President Trump's COVID-19 diagnosis faded into the Friday close, with markets speculating that the illness could catalyze lawmakers into making a deal on fiscal stimulus sooner than previously expected. While JPY remained the strongest performer in G10 throughout, the gains faded as equities recovered and bounced back to flat.
GBP also firmed, with markets looking ahead to a scheduled call between UK PM Johnson and EU's Von der Leyen on Saturday. Talks have been extended into the coming weeks and markets clearly still see a decent chance of a last minute deal.
AUD, NZD and EUR were the weakest performers Friday, trimming the week's gains.
Focus in the coming week turns to the US ISM Services Index, RBA rate decision, FOMC & ECB minutes and the Canadian jobs report. Speeches from ECB's Lagarde, BoE's Bailey and BoC's Macklem will also draw focus.
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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.