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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
- Durable goods orders surprisingly surged 5.4% M/M (cons 2.3) in November preliminary data as they bounced from a slightly upward revised -5.1% M/M (initial -5.4%) in Oct.
- However, as it often the way, there was further substantial noise from nondefense aircraft and parts orders, which increased 80% M/M in Nov, -44% in Oct and 91% in Sep.
- Core orders nevertheless still beat expectations, rising 0.8% M/M (cons 0.1) but with some of that gloss taken off by a downward revised -0.6% M/M in Oct (initial -0.3).
- Further, core shipments saw a small miss and downward revision, falling -0.1% M/M for the third month running.
- Core orders and shipments are both running at just 0.7% annualized on a 3M/3M nominal basis.
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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