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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 nowcast falls to an annualized -1.01% for Q2 having last been revised up from flat to +0.26% with the Jun 27 update.
- It comes from the inventory drag widening from -1.4pp to a hefty -2.4pp but consumer spending also takes a hit, down from 1.81pp to 1.17pp after the soft spending data earlier.
- If confirmed it would follow the GDP contraction of -1.6% annualized seen in Q1, with two quarters of negative growth last seen in 1H20 and prior to that 1H09.
Source: Atlanta Fed
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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