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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 was close to expectations in June at 100.4 (cons 100.0) after a downward revised 101.3 (initial 102.0).
- With limited surprises on the headline print there was greater focus on the labor differential as an early indicator ahead of next week’s payrolls report.
- The differential increased to 24.0 in June but only from a downward revised 22.7 in May (initial 24.0).
- It averaged 23.2 in Q2, consolidating the pullback from the short-lived increase to 30.4 averaged in Q1.
- Whilst a little higher on the month, 24 remains one of the lower readings seen since early 2021, below the levels averaged through 2019 in a sign of labor market moderation - see chart.
- Jobs plentiful 38.1% vs 37.0% last month (revised down from 37.0).
- Hard to get 14.1% vs 14.3% last month (revised up from 13.5), still the high end for recent values but below the joint recent peaks of 15.5%.
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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