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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.
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Durable Goods Miss Offset By Revisions; Jobless Claims On Soft Side
The large set of U.S. data releases at 0830ET was mixed overall and with few major surprises, so unsurprisingly has had little market impact:
- Weaker-than-expected durable /cap goods for May offset by higher revisions for April.
- Initial jobless claims on the high side; continuing claims on the lower side. Both priors revised weaker (i.e. higher).
- Wholesale inventories grew faster than anticipated in May, with higher Apr revision.
- Advance trade goods deficit $0.6B bigger than expected.
- Final reading of 1Q GDP in line.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.