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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
- ADP employment increased 208k (cons 200k) in Sept, a little stronger than expected when also factoring in the +53k upward revision to 185k in Aug. Tsy yields quickly retraced a small dip on the report.
- Ahead of Friday’s payrolls report, despite the upward revision, this new version of ADP continued to undershoot payrolls strength back in Jul-Aug at an average 227k for ADP vs 393k for private payrolls.
- Job changes pay growth cooled from 16.2% to 15.7% Y/Y whilst job stayers pay growth increased a tenth to 7.8% Y/Y.
- ADP press release on jobs market: “Signs that people are returning to the labor market... Employer demand remains robust and the supply of workers is improving--for now.”
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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