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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.
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Free AccessBRIEF: ECB's Panetta-Time To Start Thinking Of NGEU Successor
MNI China Daily Summary: Wednesday, Aug 21
Consumer Confidence Continues Modest Improvement
- The Bloomberg Nanos consumer confidence index continued its recent improvement last week, rising from 49.8 to 50.3.
- It’s off a low of 48.7 from early Nov but remains off the 53 peaks seen in June and August and the 55-60 typical readings in pre-pandemic years.
- The details were more mixed, with the pocketbook souring but expectations driving the improvement.
- Indeed, forward-looking aspects for the Canadian economy and real estate improved from low levels (14.5% see the economy stronger over the next year, 44% see real estate prices increasing over the next six months).
- On the other hand, personal finances over the past year unwound some of the prior week’s gain (14.6% seen themselves as better off) and current period job security softened (48.15% see their jobs as secure, lowest in at least a month).
Source: Bloomberg
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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.