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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 has seen his approval rating strengthen slightly in the wake of a strong response to the war between Israel and Hamas. Since October 7, Biden's approval has improved by around 1.5%, according to RealClearPolitics.
- The slight rebound in approval arrests an extended downtrend for the President amid concerns over his handling of the economy.
- Biden will deliver major remarks from the Oval Office at 20:00 ET 01:00 BST this evening advocating for continued assistance to Ukraine and new security assistance to Israel. A new package could total upwards of USD$100b and underpin the Biden Administration's foreign policy objectives through to next year's general election.
- Betting and prediction markets continue to see former President Donald Trump as the slight favourite in 2024. According to ElectionBettingOdds, an aggregator of multiple live betting and prediction markets, Trump has an implied probability of 35.3% of winning in 2024, marginally ahead of Biden with an implied probability of 32.6%.
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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