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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
- Existing home sales were lower than expected in October at 3.79m (cons 3.90m), with a clean read on the month after only marginal revisions.
- The latest profile sees sales falling -4.1% M/M (cons -1.5) after -2.2% (initial -2.0), for the largest single seasonally adjusted monthly decline since Nov’22.
- Whilst lower than expected, the relative level of existing home sales is in keeping with the prior decline in pending sales, now almost 30% below the 2019 average.
- Months of supply showed further signs of the housing market moving back closer to pre-pandemic balances, up from 3.4 to 3.6 on the month for the highest October since 2019 and vs the 4.1 averaged in 2017-19 Octobers.
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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