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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.
TECHNOLOGY
- FD reports ASML plans expansion in Eindhoven rather than a move abroad after the gov’t commits EUR 2.5bn to local infrastructure/education. Not a spread mover though the decision to invest locally certainly removes some of the political pressure from the Dutch gov’t.
- We wrote in early April about the strong performance of the ASML curve against €IG tech peers ahead of earnings despite already tight spreads against mixed news flow with the US seeking to disrupt the servicing of Chinese equipment while grants awarded to TSMC presented a headwind to ASML revenue.
- Noting now that the outperformance against the peer group appears to have paused in the wake of ASML reporting Q2 guidance that disappointed (equity -11% since then). EUR 30bps +5bps on the week.
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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