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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Pending home sales surprisingly increased 1.1% M/M in September (cons -2%) but it does little to improve from the -7% drop in August.
- Combined with yesterday’s far stronger than expected new home sales (+12.3% vs cons 0.7%), the relative gap between new and (the larger) existing home sales segment has widened further when compared to pre-pandemic levels, and is unlikely to change in the next one-to-two months judging by the pending data.
- Prices have played a large role here: the median sale price can be noisy but new home sale prices were down -12% Y/Y in September vs +2.8% Y/Y for existing homes.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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