MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

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

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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: S&P Mfg PMI, JOLTS, ISMs, Dallas Fed Services

US TSYS
  • Midmorning data resumes with S&P Global US MFG PMI (49.0 est) at 0945ET followed by ISM survey for Manufacturing (46.9 est), Prices Paid (44.0 est), employment and New Orders at 1000ET.
  • Also out at 1000ET: Construction Spending MoM (0.6% est) and JOLTS Job Openings (9.600M est). Dallas Fed Services Activity follows at 1030ET.
  • Fed speak: Chicago Fed Goolsbee makes welcome remarks at a Chicago Fed event: Business Smart Week
  • Treasury auction: $50B 42D CMB auction at 1130ET.
  • Heavy slate of equity earnings continues: Caterpillar, Merck, Marathon Petroleum, Uber, Altria already out and beating estimates. After the close: AIG, Allstate, Devon Energy, AMD, Starbucks, Virgin Galactic, Electronic Arts.
  • Look ahead: ADP private employment (190k est) tomorrow at 0815ET while the Treasury’s Quarterly Refunding will be released at 0830ET.
  • The Tsy released it's current estimates of privately-held net marketable borrowing for the Jul-Sep '23 and Oct-Dec '23: During the Jul–Sep'23 quarter late Mon: "Treasury expects to borrow $1.007T in privately-held net marketable debt, assuming an end-of-September cash balance of $650B ...$274B higher than announced in May 2023, primarily due to the lower beginning-of-quarter cash balance ($148B) and higher end-of-quarter cash balance ($50B), as well as projections of lower receipts and higher outlays ($83B)."
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income 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.