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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 OUTLOOK/OPINION
Plenty of attention on the drop in ISM Manufacturing Prices which in October posted the lowest reading since May 2020, at 46.6 vs 51.7 in September and and 53.0 in October (and 87.1 as recently as March).
- Then again, this subindex simply tends to track commodity prices - which are falling from recent peaks at a rapid clip.
- The CRB raw industrials index is falling at the fastest 6-month % rate since the global financial crisis.
- Absent a rebound in commodity prices, further falls in PMI Prices in months ahead are to be expected (the drop in commod prices already is consistent w ISM Prices falling below 40).
Source: ISM, CRB, BBG
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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