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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
- The Philly Fed manufacturing index fared better than expected in March, only dipping to +3.2 (cons -2.5) as it consolidated February’s 16pt increase to +5.2.
- Of note, new orders lifted from -5.2 to +5.4 (highest since Aug’23) and shipments inched higher from +10.7 to +11.4 (highest since Aug’22), whilst there was moderation in prices paid (16.6 to 3.7) and prices received (6.2 to 4.6).
- The six-months ahead measure meanwhile jumped 31.4pts to 38.6, the largest single month increase since at least 2000 to leave it at its highest level since Jul’21.
- “The future new orders index climbed 26 points to 49.9, and the future shipments index rose 17 points to 43.6. On balance, the firms expect an increase in employment over the next six months [and] the index for future capital expenditures rose 11 points to 23.6, its highest reading since March 2022.
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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