LATAM: EU-Lula Calls On Macron To Back Mercosur FTA
Jun-05 11:30
Speaking on the occasion of a high-profile state visit to France, Brazilian President Luiz Inacio Lu...
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MNI EXCLUSIVE: ECB Economist Vanessa Gunnella Speaks to MNI
May-06 11:29
- ECB economist Vanessa Gunnella speaks to MNI about Chinese exports to Europe -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
GBP: Cable Pops to Fresh Session Highs, Back Above 1.3350
May-06 11:27
- Sterling outperformance standing out at the NY crossover, with GBPUSD rising above Monday’s highs and extending to a high print of 1.3370 in recent trade. Note that moving average studies remain in a bull-mode position, and the 100 pip bounce from yesterday’s lows continues to signal a dominant underlying uptrend.
- A resumption of gains places the focus back on the cycle highs located at 1.3444, before 1.3510, a Fibonacci projection.
- The more optimistic tone for sterling also helps EURGBP through the aforementioned support around 0.8480. It is worth noting that the 50-day EMA also comes in at 0.8467, where a break would strengthen a bearish theme for the cross.
EGB SYNDICATION: Germany 2.90% Aug-56 Bund Tap: Allocations
May-06 11:11
- Size: E4.5bln inc E0.5bln retained by issuer (MNI expects E4-6bln)
- Books closed in excess of E47bln (inc E3.595bln JLM interest)
- Spread set earlier: 2.50% Aug-54 Bund + 2.5bp (mid) (guidance was +3.25bp area)
- HR: 109% vs 2.50% Aug-54 Bund
- Settlement: May 13, 2025 (T+5)
- ISIN: DE000BU2D012
- Bookrunners: Barclays, Citi (B&D), CA-CIB, DZ Bank, GS, JPM. Remaining members of the Bund Issues Auction Group will be invited into the co-lead group
- Timing: Hedge deadline 12:30BST / 13:30CET. Allocations and pricing to follow.
From market source
