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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 Empire manufacturing survey was slightly stronger than expected in October at -4.6 (cons -6), a modest 6.5pt decline for a series with a standard deviation of monthly moves since 2021 of 22.
- It’s at a level similar to that implied by the September ISM mfg survey after it surprisingly increased from 47.6 to 49.0 back on Oct 2.
- Notably, a smaller decline in the Empire six-months ahead outlook from 26.3 to 23.1 kept it close to levels seen shortly before the pandemic and clearly elevated relative to current conditions – see chart. At the margin it’s a release that can support those arguing for at least a softer landing view.
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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