UK DATA: Little in the DMP data to swap any MPC member's vote

Mar-05 09:37

The big picture in the DMP data is that it paints a very similar picture to last month's report. There isn't likely to be anything in here that will sway any MPC member's vote:

  • Wages: UK 1-year ahead wage expectations were broadly in line with last month while realised wage growth was higher on the single month (but showed a marginal slowdown on the 3-month average measure.
  • Employment: Both expected and realised a bit higher than previously on the 3-month measure, but the single month realised measure was still low at -0.71%Y/Y.
  • CPI expectations: Both 1/3-year ahead lower than previously on the 3-month measure (but the single month measures are both marginally higher than in Jan).

Historical bullets

MNI EXCLUSIVE: German Government advisor Volker Wieland speaks to MNI

Feb-03 09:36

Government advisor Volker Wieland speaks to MNI.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

OPTIONS: Expiries for Feb03 NY cut 1000ET (Source DTCC)

Feb-03 09:34
  • EUR/USD: $1.1850(E3.5bln), $1.1935-40(E2.5bln)
  • USD/JPY: Y155.75($877mln)
  • GBP/USD: $1.3200(Gbp835mln)
  • USD/CAD: C$1.3590-00($913mln)

ESM ISSUANCE: ESM 10-year Feb-36: Spread set

Feb-03 09:25
  • Spread set at MS+18bps (guidance was MS + 21bps area)
  • Size: EUR Benchmark (MNI expects E2-3bln)
  • Books in excess of E24.5bln (ex JLM interest)
  • Maturity: 25 February 2036
  • Settlement: 10 February 2025 (T+5)
  • Coupon: Long first
  • ISIN: EU000A1Z99Y1
  • Bookrunners: BofA (DM/B&D)/ NATIXIS / SANTANDER
  • Timing: Books to close at 10:00GMT / 11:00CET

From market source / MNI colour