MNI China Daily Summary: Wednesday, November 20

MNI BRIEF: Chinese Aluminium Exporters To Renegotiate Prices

MNI BRIEF: BOJ October Real Export Index Falls 4.9% M/M

MNI: PBOC Net Injects CNY69.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1935 Weds; +0.09% Y/Y

CHINA PBOC CONDUCTS CNY302.1 BLN VIA 7-DAY REVERSE REPOS WEDS

MNI: EUROZONE SEP CONSTRUCTION OUTPUT -0.1% M/M, -1.6% Y/Y

MNI: GERMANY OCT PRODUCER PRICES -1.1% Y/Y

MNI: UK OCT CPI +0.6% M/M, +2.3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Week Ahead (2/2)

UK
  • Friday will see the release of July activity data. Consensus is looking for a 0.5%M/M print (which would be the slowest pace of growth since the lockdown-induced contraction in January). Industrial production and construction are both expected to pare about half of June's losses while the service sector is expected to slow to 0.6%M/M (from 1.5% in June). The market will pay attention to the data but will likely be looking to next week's inflation and labour market data for more conviction.
  • Political events will also be closely monitored with the media widely reporting that an increase in national insurance contributions (effectively an income/payroll tax) will be used to pay for a reform of social care alongside an end to the pensions triple lock (which links pension increases to the higher of 2.5%, average earnings or inflation). These decisions are politically controversial as the Conservative manifesto included pledges to keep national insurance at its current rate and to maintain the pensions triple lock.
  • Outside of the domestic matters, the ECB meeting will be closely watched this week and is likely to drive general market sentiment towards the end of the week.
HomepageEarnings Calendar Market NewsTopicsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.