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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
President Biden's approval rating has continued to slump, reflecting negative voter sentiment from Congressional dysfunction which led to this week's ouster of former House Speaker Kevin McCarthy (R-CA).
- According to RealClearPolitics, Biden's approval rating on 40.7% is the lowest he has experienced since August 2022, dipping below levels seen during the debt ceiling crisis in May/June.
- Betting markets continue to see former President Donald Trump as the slight favourite to win the presidential election in 2024. According to Smarkets, Trump has an implied probability of 35.7% of winning the election, marginally ahead of Biden's 34% implied probability.
- Election Betting Odds, a site which aggregates betting and political prediction markets, similarly has Trump as the marginal favourite.
- A Marist poll released yesterday found that, "In a head-to-head 2024 presidential matchup, Biden (49%) and Trump (47%) are competitive among registered voters nationally."
Figure 1: President Biden Approval Rating
Source: RealClearPolitics
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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