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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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Free AccessMNI US MARKETS ANALYSIS - USD/JPY Hits New December High
MNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
European Demand Worry Weighs
Worry surrounding the COVID-19 situation in Europe (and the impact on demand of probable deeper COVID-19 mitigation measures in both Germany & France) weighed on crude in post settlement trade, with Brent & WTI both sitting ~$0.80 softer on the day at typing, unwinding most of Tuesday's gains.
- A larger than expected headline crude build in the weekly API inventory estimates, coupled with a surprise build in gasoline stocks, did little to help bulls, although the larger than expected drawdown in distillates may have provided a modest cushion.
- The latest weather developments in the Gulf of Mexico provided some support for the space on Tuesday, with ~50% of U.S. gulf crude production in the region now shut in, per the latest BSEE daily tally.
- Weekly DoE inventory data is due to be released later today.
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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.