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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 Dallas Fed manufacturing index was notably weaker than expected in April, at -23.4 (cons -11.0) after -15.7.
- It was close to its recent low of -23.7 from Jul’22, otherwise except for Mar-May’20 is the lowest since Jan 2016.
- It continues a run of mixed manufacturing readings for April, with Empire surging and Philly Fed falling more than expected for the regional Fed surveys whilst the flash PMI pushed back above 50 for the first time since October [charts below].
- From the details: “Labor market measures suggest moderate employment growth but a slight decline in work hours”… “The wages and benefits index moved up seven points to 37.6, a stubbornly elevated reading relative to its average of 21.0.”
- Price pressures: Raw materials prices index largely unchanged at 19.5 indicative of below-average increases in input costs and finished goods prices index little changed at 8.4.
Chart below - 2 surveys stronger, 2 surveys weaker on the month:
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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