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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
Employment missed expectations slightly but importantly held onto most of July’s improvement, whilst prices paid and new orders both beat and were at their highest since May.
- ISM Services: 51.5 (cons 51.4) in Aug after 51.4 in July.
- The overall reading has only been sub-50 this cycle in June (48.8) and April (49.4). It was last sub-50 in the depths of the pandemic in Apr-May 2020.
- Employment: 50.2 (cons 50.5) in Aug after rising 5.0pts to 51.1 in July. The 51.1 was the highest since Sep’23 after seven months below 50.
- Prices paid: 57.3 (cons 56.0) after 57.0. It averaged 59.3 in 2023 and 58.3 in 1H24.
- New orders: 53.0 (cons 51.9) after 52.4, highest since May as it confirmed the bounce seen in July.
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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