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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.
EQUITIES
- Headed into the final trading day of the week, the Q1 earnings season for the S&P begins to wind down. ~80% of the index has now reported across Q1, with the remaining reports more sporadic and a smaller part of the index's market cap.
- Firms have, on average, beaten expectations across EPS by 11%, but broadly inline on sales (+0.1% above consensus). Sector-by-sector, communication services has performed the strongest - despite the weaker report from Alphabet at the end of January.
- Perhaps surprisingly, real estate names reported well, with EPS 22% ahead of forecast. Healthcare was the only sector that missed on EPS, but sales fared better.
- Energy names led markets on revenues at 2.7% ahead of forecast, while Utilities were weakest on sales - missing by near 11%.
- Full Q1 scorecard found here:
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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