MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

What to Watch: GDP, Equity Earnings, 7Y Note Sale

MARKET INSIGHT

FI markets trading mildly higher for the most part, curves mixed with short end weaker, inside overnight range for bonds as markets await data, equity earnings:

  • Data on tap (prior, est) at 0830ET:
    • Initial Jobless Claims (184k, 180k)
    • Continuing Claims (1.417M, 1.400M)
    • GDP Price Index (7.1%, 7.2%)
    • GDP Annualized QoQ (6.9%, 1.0%)
    • Core PCE QoQ (5.0%, 5.5%)
    • Personal Consumption (2.5%, 3.5%) Followed by
    • Kansas City Fed Manf. Activity (37, 35) at 1100ET
  • Rounding up the week's Treasury supply:
    • US Tsy $35B 4W, $30B 8W bill auctions at 1130ET
    • US Tsy $44B 7Y Note auction (91282CEM9) at 1300ET
  • Stocks firmer, near late overnight highs:SPX eminis continue to recover from late Tue's rout. Heavy earnings docket continues: Eli Lilly (LLY), Caterpillar (CAT), Pulte Grp (PHM), Merck (MRK), Hershey (HSY) all announced/beat est.
  • Waiting for Twitter (TWTR) still.
  • After the close: Apple (AAPL), Western Digital (WDC), Intel (INTC), Amazon (AMZN).
  • Geopol risk: Market remains alert for developments on Russia war in Ukraine, knock-on effect to markets. US Pres Biden presser at 1045ET to discuss support for Ukraine.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

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.