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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 preliminary durable goods report for December saw a large beat for headline orders (5.6% vs cons 2.5%) as nondefense aircraft orders surged.
- More importantly though, core details were very close to consensus as core orders dipped -0.2% M/M after a flat Nov and shipments fell -0.4% M/M after -0.2% in Nov.
- It sees the quarterly growth rate for orders drop to just 0.1% annualized from 7.5% annualized in September, the weakest quarter since the pandemic and a string of weak readings in 2019.
- The decline on the month follows two particularly soft months for industrial production – see chart – and the ISM manufacturing survey solidly in contraction territory points to potential further weakness ahead.
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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