POLAND: Warsaw Bourse May Seek DM Status, POLGB Sale Eyed
Oct-23 07:31
* Warsaw Stock Exchange (WSE) CEO Tomasz Bardzilowski told Bloomberg that the bourse eyes an upgra...
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MNI: RIKSBANK CUTS POLICY RATE 25BP TO 1.75%
Sep-23 07:30
- MNI: RIKSBANK CUTS POLICY RATE 25BP TO 1.75%
EGB SYNDICATION: DDA: 30-year 3.50% Jan-56 DSL: Books in excess of E10bln
Sep-23 07:27
- Guidance: 2.90% Aug-54 Bund + 19.5 to 22.5bps (prelim initial spread guidance was +18.5 to 22.5bps)
- Size: E4.0-5.0bln will be on offer (MNI assume takeup at the top of the target range)
- Books in excess of E10bln
- Maturity: 15 January 2056
- ISIN: NL0015002P70
- The preliminary initial spread guidance is 2.90% Aug-54 Bund + 18.5 to 22.5bps.
- Books will open at 9:00BST / 10:00CET
- MNI expect books to close between 10:00BST / 11:00CET and 11:00BST / midday CET.
FRANCE DATA: PMIs miss expectations; political uncertainty and prices both weigh
Sep-23 07:21
The French September flash PMIs came in lower than expected for all: Services at 48.9, 0.7 points below consensus (49.6 consensus, 49.8 prior) and 2.0 points below consensus for manufacturing at 48.1 (50.1 consensus, 50.4 prior), composite output 48.4, 1.3 points below consensus (49.7 consensus, 49.8 prior). Political uncertainty was cited as a concern by many, but prices were also notable for being lower across both inputs and outputs with the first fall in output prices since May.
- "Private sector business activity fell at the quickest rate in five months."
- "Subdued customer demand was noted as a drag on activity levels in both sectors, with survey data signalling a sixteenth successive reduction in total new orders."
- "In some cases, panel members attributed lower client interest to domestic political uncertainty. Export conditions remained unsupportive, although the rate of contraction in new export business slowed fractionally since August to its weakest for three months."
- "Political turbulence in France led some panellists to lower their expectations for business activity, while others foresee challenging demand conditions and competitive pressures as risks to the outlook."
- Input costs at a 5-month low.
- "Both manufacturers and service providers recorded weaker rises in operating expenses."
- "As for prices charged, both sub-sectors were aligned with discounting in September amid reports of strong competition. At the composite level, this marked the first month of lower selling prices since May."
