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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 October was stronger than expected across the board although negative downward revisions to September took off some of the gloss.
- The story is one of improved recent momentum but a more mixed outlook: shipments were outright stronger than expected (+1.3 vs 0.2 cons, after smaller than first thought -0.1) whilst orders bounced 0.7% M/M (cons 0.0) after a larger than first thought -0.8% (initial -0.4) leaving little momentum.
- It leaves a (nominal) trend growth rate for core orders continuing to cool to 5.6% annualized at the softest since Jul’20 in 3M/3M terms, with previously released industrial production growing at an equally relatively tepid 1.5% annualized.
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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