MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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 Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

MNI: UK MAR RETAIL SALES +0% M/M, +0.8% Y/Y

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

What to watch

OUTLOOK
  • The main event of the European morning session will be the final print of Eurozone HICP. Consensus looks for a one tenth increase from 8.5%Y/Y to 8.6%Y/Y, we look for upside risks due to our calculations of the estimate that Eurostat used for Germany in the flash print. Markets currently price in 49bp for March (the ECB has explicitly signaled 50bp) with 74bp cumulatively by May, 103bp by June and a peak of just under 125bp by October. The main risk from a higher print in our view would a steeper curve through the May-October period.
  • From a UK perspective the highlight today will be a speech by Catherine Mann at the Resolution Foundation entitled "The results of rising rates: Expectations, lags and the transmission of monetary policy." One of the sub-questions that Mann is due to cover is "If a slower transmission means a longer period of above target inflation, does this affect inflation expectations?" There has been much focus on the speed of the transmission mechanism and inflation expectations from the wider MPC recently, and even though Mann is still seen as the most hawkish member (despite dropping down to voting for a 50bp hike in February) her views on this topic and others will still be closely watched by the market. Markets currently look for 24bp in March, a cumulative 43bp by May and a peak cumulative 68bp by September.
  • We will also hear from Riksbank's Floden, but we have already heard from him in both the Minutes on Monday and post-CPI on Tuesday.
  • Looking ahead to this afternoon, we have the second print of Q4 US GDP (and core PCE) as well as speeches from Fed's Bostic and ECB's de Cos.
HomepageBulletMarketsFixed 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.