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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
- There were no particular surprises in the preliminary core durable goods data for May after revisions are taken into account.
- Core orders were stronger than expected at 0.7% M/M (cons 0.0) but only after a downward revised 0.6% (initial 1.3).
- It leaves the 3m/3m rate at just 0.7% annualized (weighed down March’s -0.6% M/M), down from 2.3% in March but up from -1% as of December. The rate may be tepid but it still holds up well compared to the ISM manufacturing index firmly in contractionary territory.
- Core shipments meanwhile were in line at 0.2% M/M after a small downward revision to 0.4% (initial 0.5).
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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