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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 printed -11.3 (cons -15.0) as it pulled back from a particularly low -27.4.
- It follows February beats for the Empire survey (-2.4 vs cons -12.5), Philly Fed (+5.2 vs cons -8.1) and last week’s flash US mfg PMI (51.5 vs cons 50.7).
- Notably, new orders swung from -12.5 to +5.2 for their first positive reading since May’22. Elsewhere: “The capacity utilization and shipments indexes both posted double-digit increases to push up from contractionary territory (negative readings) into neutral territory (readings near zero).”
- Separately, and in light of the sharp decline in average hours worked in the January payrolls report: “Labor market measures suggested growth in employment but shorter workweeks this 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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