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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.
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Free AccessFutures Extend Weeks Gains On Friday
Weekly gains were extended on Friday as Chinese authorities increased economic support aimed at stimulating the crucial construction and property industries.
- The October contract finished dealing at $121.00/tonne on Friday, closing the week up ~8%. We sit ~23% above mid August levels.
- Fresh positive news for the metals space crossed on Friday as new home prices in August rose in 17 Chinese cities. The PBOC injected cash into markets for the 10th consecutive month and cut lenders’ reserve requirements for the second time this year.
- Iron ore stockpiles at ports have fallen to their lowest in more than three years, according to data from Steelhome.
To read the full story
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Please enter your details below.
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.