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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 saw a modest beat in November, at 3.82m (cons 3.78m) after an unrevised 3.79m in Oct.
- It leaves a 0.8% M/M increase after five consecutive monthly declines, most recently a heavy -4.1% in Oct, and marks its largest increase since February’s spike. Sales are still almost 30% below 2019 levels.
- When combined with a fall in inventory, the months of supply bucked its recent upward trend, easing a tenth to 3.5 months with its the first decline since February.
- Nevertheless, this uptrend has helped relative supply push back closer to pre-pandemic averages, having averaged 3.8 months in Nov for 2017, 2018 and 2019.
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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