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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
- Durable goods orders fell by more than expected in preliminary January data, -6.1% M/M (cons -5.0%) after a downward revised -0.3% (initial 0.0%).
- As is nearly always the case, it’s down to non-defense aircraft orders (-59%).
- Core durable goods orders meanwhile were as expected with 0.1% M/M but it followed a sizeable downward revision to -0.6% (initial 0.2) in Dec.
- Core shipments saw a decent beat, increasing 0.8% M/M (cons 0.1) after an upward revised 0.1% (initial 0.0), which at least bodes well for early Q1 momentum even forward-looking orders were on net softer.
- Core orders are up 0.4% and shipments 0.1% on a 3M/3M annualized basis. As we have noted before, both hold up well compared to business surveys in contraction territory.
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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