HUNGARY: Economy Minister Expects Food Retail Margin Limit to Cut CPI by 1ppt
Mar-13 08:02
- Economy Minister Marton Nagy estimates that the basic food retail margin may limit inflation by up to 1ppt and food inflation by up to 2ppts, he said in a video posted on Facebook. He did not provide timing for when the expected effect will take place. As a reminder, the food retail margin limit of 10% will start March 17, affecting 30 basic food categories.
- Cabinet Minister Gergely Gulyas will hold a briefing following a weekly government meeting at 09:00GMT/10:00CET. Meanwhile, ministers are set to speak from 08:30GMT/09:30CET and throughout the day at the Budapest Balkans Forum. No major data releases are scheduled for the remainder of the week.
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GILTS: Opening calls
Feb-11 07:57
Gilt calls, 93.22/93.31.
EQUITIES: EU Cash opening calls
Feb-11 07:54
Estox 50: +0.16%, Dax: +0.11%, CAC: -0.06%, FTSE +0.17%, SMI +0.32%.
BONDS: Bund is testing Yesterday's low
Feb-11 07:53
- The German Bund is testing 133.21, this was Yesterday's low, but not seen any standout size flows and the push lower.
- The contract printed a 132.95 low post NFP, the next downside hurdle to watch, ahead of the 132.72 support.
- US TYH5 look to test 109.01, the US NFP low, and looking at the 10yr Yield, 4.55% would be situated 108.26+ today, although the better Yield resistance will be seen at 4.60%.
