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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
- Initial jobless claims were lower than expected at a seasonally adjusted 198k (cons 210k) in the week to Oct 14, covering a payrolls reference week, after a marginally upward revised 211k (initial 209k).
- It’s the first sub-200k week since January and whilst we don’t put too much weight on a given week, the four-week average isn’t far off at 206k.
- Recall that in 2019 for a comparison with prior periods of tightness, initial claims averaged 218k and saw a low of 197k for the year.
- Based off a 19k drop in the non-seasonally adjusted data to 181k considering mixed results for the same week in previous years, it looks like a reasonably fair SA process at first glance.
- Continuing claims provided an offsetting miss though, surprisingly increasing to 1734k (cons 1706k) from 1705k, marking its highest since early July.
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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