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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 advanced goods trade deficit widened more than expected in September, from $87.3B to $92.2B (cons $87.5B) from both lower exports and higher imports, although the 3mth rolling deficit narrowed slightly further to an estimated 4.2% GDP.
- On the month, oil looks to have weighed on both exports and imports but there were encouraging signs from a growth perspective with higher imports led by capital goods (+4.4% M/M, 15% Y/Y) - which can boost future production - and consumer goods also increased, likely buoyed by dollar strength.
- Elsewhere, inventories increased at a smaller pace than expected in Sep, with wholesale +0.8% M/M (cons 1.0%) after 1.4% and retail +0.4% M/M (cons 1.2) after 1.4%, whilst building permits were unrevised.
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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