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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
Conference Board Consumer Confidence came in at 121.7 in April, beating expectations of 113.0 and a significant rise from an revised 109.0 reading in March. It was the highest reading since Feb 2020.
- The "Present Situation" reading soared from 110.1 to 139.6, while expectations edged higher from 108.3 to 109.8.
- In a positive sign for employment, the % of consumers saying jobs are "plentiful" rose from 26.5% to 37.9%; jobs "hard to get" fell from 18.5% to 13.2%. The spread in favor of jobs plentiful" thus jumped from 8.0 points in March to 24.7 in April - the latter marking by far the widest spread since the start of the pandemic (see chart below).
- Per the Conference Board: "Consumers were more upbeat about their income prospects, perhaps due to the improving job market and the recent round of stimulus checks. Short-term inflation expectations held steady in April, but remain elevated. Vacation intentions posted a healthy increase, likely boosted by the accelerating vaccine rollout and further loosening of pandemic restrictions."
Source: Conference Board, BBG, MNI
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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