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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 far stronger than expected in February at 4.38m (cons 3.95m) after 4.00m in Jan.
- The 9.5% M/M rise after 3.1% M/M in Jan goes firmly against the latest pending home sales data which fell a surprisingly large -4.9% in Jan after +5.7%.
- What’s more, there was strength across most regions, with only the smallest northeast region not growing: West (16.4%), South (9.8%), Midwest (8.4%), Northeast (flat).
- Months of supply meanwhile dipped a tenth to 2.9 months in February. It remains high compared to latest years, most recently 2.6 in Feb’23, but still below the 3.5-3.7 months in February’s of 2017-19.
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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