MNI BRIEF:BOJ Q1 Output Gap Hits 16th Negative Reading In Row

MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI: ITALY JUNE SERVICES PMI 53.7 (FCST: 53.8); MAY: 54.2

June Services PMI: Wage Pressures Remain Prevalent

MNI: SPAIN JUNE SERVICES PMI 56.8 (FCST: 56.4); MAY: 56.9

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Waller Increasingly Confidence Policy Is Well Positioned

FED
  • A muted FI reaction to a more dovish Waller (permanent voter), having already seen a decent intraday rally ahead of the remarks.
  • 2Y Tsy yields initially dipped a further 1.5bp on his remarks but have since reversed the move, still 4bps from the intraday high.


The below headlines from Reuters:

  • 'INCREASINGLY CONFIDENT' POLICY IS WELL POSITIONED TO SLOW ECONOMY, GET INFLATION BACK TO 2% - Reuters
  • WALLER: CANNOT SAY FOR SURE IF FED HAS DONE ENOUGH; DATA OVER NEXT COUPLE MONTHS WILL HOPEFULLY TELL
  • RECENT LOOSENING OF FINANCIAL CONDITIONS A REMINDER TO BE CAREFUL ABOUT RELYING ON MARKET TIGHTENING TO DO FED'S JOB
  • 'ENCOURAGED' BY SIGNS OF MODERATING ECONOMIC GROWTH
  • SUPPLY-SIDE PROBLEMS MOSTLY BEHIND US; MONETARY POLICY WILL NEED TO DO THE WORK FROM HERE
  • WILL CLOSELY MONITOR GOODS, SERVICES PRICES IN COMING WEEKS TO SEE IF INFLATION STILL ON DOWNWARD PATH
Energy BulletsCommodities
Energy BulletsCommodities

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