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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.
GLOBAL
The improving supply-side picture out of China is a key theme in easing global bottlenecks, as seen in ABNAmro's June global supply bottlenecks index (which was published a couple of days before the NY Fed's equivalent) to early 2021 levels, see chart.
- The drop was driven "particularly on the jump in the ratio of the global manufacturing PMI output component for EMs versus the orders components for DMs. A further drop in global shipping tariffs, as well as a drop in the global manufacturing PMI backlogs component, also contributed to the easing in our index"
- As we'd noted yesterday following the solid Global PMI release, the acceleration in Chinese activity even as Developed Market activity slows could be a key theme for the coming months, and one that could portend further easing in supply-chain pressures.
Source: ABNAmro
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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