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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 Richmond Fed manufacturing index was broadly in line with expectations in July, ticking down to -9 (cons -10) from a downward revised -8 (initially -7).
- Some more extensive revisions have left it in a particularly tight range of -8 to -12 for the past five months now.
- Combined with the Empire survey ticking down from 6.1 to 1.1 (small by its standards) and the Philly Fed survey almost unchanged at -13.5, the average of the three has consolidated June’s improvement from a particularly weak 1H23, albeit at a still subdued -7 in July.
- This figure is at a level that implies roughly neutral bias to the June ISM reading of 46.0, having regularly been pointing to downside risk in prior months.
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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