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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.
FRANCE DATA
MNI (London)
- French consumer confidence weakened for the sixth consecutive month. The indicator fell a further three points to 82 in June, significantly below the long-term average of 100. Sentiment is around seven points lower than seen at the onset of the pandemic.
- Households saw their future personal financial situations declining further, alongside their propensity to make major purchases and future saving capacities. Inflation expectations climbed further and is at at 2008 high and remain the underlying source of pessimism. The June inflation flash is due on Thursday and is anticipated to jump another 0.5pp to 5.7% y/y, offering no relief to consumer confidence in the coming months..
- Concerns regarding unemployment increased slightly, albeit remaining very low.
- This follows the German GfK sentiment reading this morning, which plunged to a historic low on the back of looming recession fears.
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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