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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 fared better than expected in September as they fell -2.0% (cons -3.7%) after an unrevised -0.7% M/M.
- It’s a less severe drop as what has been indicated by pending home sales but nevertheless leaves the level of sales at the lowest since 2010 (recall that mortgage applications last week touched fresh lows since 1995).
- Against the typical seasonal norm for September, the months of supply increased by 0.1 to 3.4, although it’s still below the 4.2 months averaged in September in 2017-19.
- As such the market remains relatively tight with fewer willing to move with mortgage rates continuing to set multi-year highs.
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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