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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
- ISM services saw a decent miss in December at 50.6 (cons 52.5) after 52.7.
- Aside from the 50.3 for May’23 and 49.2 of Dec’22, it’s the lowest readings since the pandemic.
- Prices paid were in line with expectations, falling to 57.4 (cons 57.3) from 58.3 at similar levels to where they averaged in 2H23.
- Employment offered the main downward surprise, slumping a particularly surprising 7.4pts to 43.3, its lowest reading since Jul’20. Outside of the Mar/Apr’20 initial pandemic months, it’s the largest single month decline since Feb’14.
- New orders were also notably below consensus as 52.8 (cons 56.1) from 55.5 for the lowest since September. Going against the S&P Global PMI services release, new export orders helped drive the move with a 3.2pt decline to 50.4.
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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