ECB: Panetta: Should Cut more If Weak Growth Weighs On Prices
Jul-11 08:32
Limited reaction to headlines from ECB's Panetta. Panetta is a known dove and one more 25bp cut this...
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MNI EXCLUSIVE: French Treasury Chief Economist On Defence Spending Funding
Jun-11 08:28
French Treasury Chief Economist Dorothee Rouzet talks about funding increased defence spending.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
US TSY OPTIONS: TYN5 112.00 Calls Still Trading
Jun-11 08:12
TYN5 112.00 calls continue to trade, ~2.6K given at 0-02 this time, over 17.5K lots have traded at that level today.
ECB: Small Upward Revision To Latest ECB Wage Tracker; Broader Trend Intact
Jun-11 08:11
There were slight upward revisions to the ECB’s forward looking wage tracker compared to the April vintage, but the broader theme of softening compensation pressures remains intact.
- The tracker excluding one-off payments is seen at 3.082% in Q4 2024 (vs 3.024% in the April iteration). The ECB projects compensation per employee growth at 2.8% by the last quarter of this year, down from 3.8% in Q1.
- There were also upward revisions to the share of employees covered by the wage tracker (45% in Q4 2025 vs 43% in April).
- From the ECB: “The downward trend of the forward-looking wage tracker for the remainder of 2025 partly reflects the mechanical impact of large one-off payments (that were paid in 2024 but drop out in 2025) and the front-loaded nature of wage increases in some sectors in 2024.”
- Little impact in ECB implied rates following the release, as expected.
