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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.
ENERGY
- The updated Insights European product ARA inventories will be released today. Europe ARA Gasoil stocks were well below normal at 1.659m mt last week, compared to the 5-year average of approximately 2.65m mt. European ARA Gasoline stocks were last week up at 1.31m mt compared to an average of 1.00m mt.
- The latest EIA weekly gas inventories for the week ending 26th July will be released this afternoon at 15:30BST. Total US stocks are still 10% below the 5-year average as high demand has prevented higher injections over the summer. Expectation is for a build of +94bcf with high production and a dip in demand helping to boost storage injections. Last week saw a build of +77bcf and the 5-year average for this time of year is +88bcf.
- The BOE policy decision will be announced at 12:00BST. The decision for Bank Rate is expected to be between 50bp and 75bp with markets pricing around 67bp but 20/23 analysts looking for a 50bp hike.
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.
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