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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 goods & services trade deficit was smaller than expected in November, printing $63.2b (cons $64.9b) after a slightly upward revised $64.5b in Oct, with the narrowing on the month from both goods and services.
- The latest improvement came as both exports and imports fell a seasonally adjusted -1.9% M/M in nominal terms, driven by goods.
- The breakdown of imports shows a notable split: capital goods imports only yielded some of October’s strong increase, an encouraging sign for capex, but consumer goods imports slumped 6.4% M/M to their lowest since Nov’22 and before that Dec’20 as Americans bought fewer foreign-made goods including cellphones in the key shopping month.
- In trend terms, the latest data have made little impact from the -2.7% GDP balance for goods & services, comprised of -3.8% GDP for goods and +1.1% GDP for services.
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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