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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.
CAPITAL GOODS
- The Anglo American / BHP story rumbles on, Anglo appear determined to fend BHP off having rejected them for a second time and accelerated their strategy update. Deal probability feels like its slipped, but spreads are unmoved.
- Brenntag spreads underperformed a little following a miss for 1Q and FY guided lower. Siemens results were a non-event.
- Deere also lowered guidance, with difficult conditions in the sector confirmed. Something to keep an eye on for lower rated CNH Industrial.
- Primary saw deals for Illinois Tool Works, Eaton, Timken with thin NICs once again.
- Westlake saw its 29s underperform (+15bp) on seemingly no news; $ bonds appear to be +5.
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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