MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Week Ahead in Macro

UK
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • There will be two main official domestic releases this week: the labour market report and activity data. We will put out our full labour market preview later today but from the previews that we have read so far, analysts are looking for a tick up in private sector regular AWE of around one tenth (partly due to base effects).
  • Looking at monthly activity data the majority of analysts surveyed by Bloomberg expect the 3-month/3-month change to come in in -0.1% (up from -0.3% in the 3-months to December. On a M/M basis analysts are generally split between +0.1%M/M, +0.2%M/M and +0.3%M/M. The main driver of this is expected to be the index of services.
  • Also this week we will receive trade data, RICS house price data and the BOE/Ipsos inflation expectations survey.
  • The KPMG / REC report on jobs was released this morning and saw further loosening in the labour market with the headline being that there is the “softest increase in starting salaries for nearly three years.” The report notes that vacancies “declined at the quickest rate since the start of 2021.” The report notes that this was “primarily driven by a fall in permanent staff vacancies” but also notes that “temporary job opportunities fell for the first time in three-and-a-half years, albeit only marginally.” The data was collected between 12-23 February and across the board (on both the quantity and wage side) there were signs of less tightness in the labour market.
253 words

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.
  • There will be two main official domestic releases this week: the labour market report and activity data. We will put out our full labour market preview later today but from the previews that we have read so far, analysts are looking for a tick up in private sector regular AWE of around one tenth (partly due to base effects).
  • Looking at monthly activity data the majority of analysts surveyed by Bloomberg expect the 3-month/3-month change to come in in -0.1% (up from -0.3% in the 3-months to December. On a M/M basis analysts are generally split between +0.1%M/M, +0.2%M/M and +0.3%M/M. The main driver of this is expected to be the index of services.
  • Also this week we will receive trade data, RICS house price data and the BOE/Ipsos inflation expectations survey.
  • The KPMG / REC report on jobs was released this morning and saw further loosening in the labour market with the headline being that there is the “softest increase in starting salaries for nearly three years.” The report notes that vacancies “declined at the quickest rate since the start of 2021.” The report notes that this was “primarily driven by a fall in permanent staff vacancies” but also notes that “temporary job opportunities fell for the first time in three-and-a-half years, albeit only marginally.” The data was collected between 12-23 February and across the board (on both the quantity and wage side) there were signs of less tightness in the labour market.