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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 survey slipped further from -19.2 to -19.9 in Nov, contrary to consensus for a small rise to -16.0.
- The near unchanged monthly reading masks a sharper decline in new orders, from -8.8 to -20.5, which aside from the -22.8 in Nov’22 is its lowest since Mar-May’20 and before that 2009.
- This is the eighteenth consecutive monthly decline for new orders, although the overall index trumps it with a nineteenth consecutive decline.
- Nevertheless, the six-month ahead production index remains in positive territory at 13.7, similar to the level its averaged over the past year with some noise.
- “Labor market measures suggest slightly slower employment growth and shorter workweeks in November. The employment index edged down from 6.7 to 5.0, a reading below the series average of 7.8” [although this measure was lower in August at 4.3].
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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