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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
- EM PMIs continue to struggle vs DM as the effects of the pandemic and various idiosyncratic factors continue to weigh on the domestic recovery narratives – creating an uneven/volatile trajectory relative to the likes of the US.
- SA marked a fresh uptick in PMIs in May, continuing to lead its EM peers by some margin
- Turkey remains the notable laggard, struggling with weak sentiment amid high CBRT turnover and an acute credibility deficit with markets expecting premature rate cuts to continue to force TRY depreciation.
- Russia continues to muddle along above the 50 mark, with the hope that the Putin-Biden Summit in June will ease geopolitical tensions and boost foreign participation in Russian markets
Source: BBG/MNI
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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