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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.
OIL
OPEC will hold the bimonthly JMMC monitoring committee meeting next week while markets await updates on the likely US government shutdown on Sunday, which could affect scheduled economic data releases for next week such as the nonfarm payrolls report.
- The next OPEC+ JMMC monitoring committee meeting is scheduled to take place on 4 October. Sell side views do not expect any changes to the group’s current output policies.
- Saudi Aramco is also expected to publish the official selling prices around 4-5 October. A Bloomberg survey suggested the producer is likely to raise its November OSP for Arab Light crude to Asia by 20c/bbl on the month, compared with an increase of 10c/bbl the month prior.
- Markets are currently expecting a US government shutdown on Sunday amid little sign of a last-minute deal as the House GOP is scheduled to hold a special conference at 14:00ET (19:00BST). A government shutdown could disrupt the publication of US Nonfarm Payrolls scheduled for 6 October.
- China is due to release its official purchasing managers index Saturday giving an insight into China’s economic recovery, though China commodity demand appears to shrug off any signs of weakness in the economy this month. Money supply data is scheduled for Oct. 11, while monthly inflation and trade data is tentatively due Oct. 13.
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.
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