Free Trial

What to watch

MARKET INSIGHT
  • Markets have generally stabilized around the European open after some soft activity data out of China saw risky assets under some pressure in the Asian session.
  • With little in the way of data on the calendar, the focus today will be on politics and central bank speakers.
  • The UK is likely to be at the forefront on both of these fronts early in the week. On the central bank side, we have Governor Bailey, Ramsden, Haskel and Saunders all testifying before the Treasury Select Committee at 15:15BST today with regards to the MPR. Note that Haskel is the only one of these MPC members who we have not heard from since the May MPC meeting, but the hearing will be interesting nonetheless. Although, given recent noises from MPs recently, expect there to be a lot more focus on how the BOE is failing its mandate on inflation targeting (in the view of some Tory MPs) - rather than on how it will act in the future. The Northern Ireland Protocol is also in focus, with the government's stance on unilaterally overriding the protocol expected to be clarified in coming days (tomorrow according to Politico).
  • In terms of other speakers we will hear from ECB's Villeroy, Panetta and Lane, the Fed's Williams and the Riksbank's Ingves (the latter in his role as ESRB VP so unlikely to focus on monpol). We have heard from all of the other speakers recently too.

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.