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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
- Factory orders came in stronger than expected in July although still fell a heavy -2.1% M/M (cons -2.5) after +2.3% M/M in June.
- Transport weighed heavily, with factor orders +0.8% M/M (cons 0.1) after a slightly upward revised 0.3% (initial 0.2).
- The 3M/3M run rate for overall factory orders remains strong at 6.6% annualized, although that is boosted by a heavy -1.7% M/M from back in February.
- Indeed, less volatile measures such as core durable goods orders saw minimal revisions in the final July estimate, running at 1.7% annualized on a 3M/3M basis – tepid but holding up well relative to the ISM manufacturing survey still firmly in contraction territory despite a strong increase to 47.6 in August.
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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