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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 very close to expectations in the week to Jul 29, at a seasonally adjusted 227k (cons 225k) after an unrevised 221k.
- It sees a further solid decline in the four-week average to 228k (-6k) which has fallen almost 30k from its late June peak.
- Continuing claims meanwhile were lower than expected at 1700k (cons 1708k), increasing from a downward revised 1679k (initial 1690k) to keep them in line with the 2019 average as a sign of continued labor market tightness.
- Seasonal adjustment bias remains an area of focus and here initial claims continue to look fair when eyeballing the non-seasonally data although continuing claims remain on the high side for equivalent weeks in non-pandemic years which could indicate a favourable adjustment.
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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