Free Trial
JPY

Outperforms As Core Yields Tumble

NZD

Pressured, Consumer Confidence Rises

MNI

Coming up in the Asia-Pac session on Friday

ASIA

Coming up in the Asia-Pac session on Friday

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

What to Watch: UofM Sentiment, Post-CPI Debate

US TSYS

Tsys paring back a small portion of Thu's post-CPI rally, futures moderately lower on average volumes (TYZ2<325k). Veterans Day holiday sees trading floor closed, but full FI session on Globex. NYSE and NASDAQ open as usual. No scheduled Fed speakers, but UofM publishing sentiment data as usual at 1000ET (prior, estimate):

  • U. of Mich. Sentiment (59.9, 59.5); Current Conditions (65.6, 62.8)
  • U. of Mich. Expectations (56.2, 55.5)
  • U. of Mich. 1 Yr Inflation (5.0%, 5.1%); 5-10 Yr Inflation (2.9%, 2.9%)
  • Markets still digesting the Oct CPI data: An unexpectedly softer U.S. CPI report for October paints a rosier picture of moderating inflation than is likely the case, Atlanta Fed economist Brent Meyer told MNI.
    • Roughly 60% of the CPI basket is still rising at rates above 5%, and alternative measures of underlying inflation remain "very elevated, reflecting broad-based price pressure," he said.
    • The Median, 16% Trimmed-Mean and Sticky CPI measures all posted increases in the 5% to 7% range, well above core CPI reading of 0.3% for the month or 3.3% on an annualized basis. For more, see MNI Policy main wire at 0514ET.
178 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Tsys paring back a small portion of Thu's post-CPI rally, futures moderately lower on average volumes (TYZ2<325k). Veterans Day holiday sees trading floor closed, but full FI session on Globex. NYSE and NASDAQ open as usual. No scheduled Fed speakers, but UofM publishing sentiment data as usual at 1000ET (prior, estimate):

  • U. of Mich. Sentiment (59.9, 59.5); Current Conditions (65.6, 62.8)
  • U. of Mich. Expectations (56.2, 55.5)
  • U. of Mich. 1 Yr Inflation (5.0%, 5.1%); 5-10 Yr Inflation (2.9%, 2.9%)
  • Markets still digesting the Oct CPI data: An unexpectedly softer U.S. CPI report for October paints a rosier picture of moderating inflation than is likely the case, Atlanta Fed economist Brent Meyer told MNI.
    • Roughly 60% of the CPI basket is still rising at rates above 5%, and alternative measures of underlying inflation remain "very elevated, reflecting broad-based price pressure," he said.
    • The Median, 16% Trimmed-Mean and Sticky CPI measures all posted increases in the 5% to 7% range, well above core CPI reading of 0.3% for the month or 3.3% on an annualized basis. For more, see MNI Policy main wire at 0514ET.