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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 claims were notably lower than expected in the week to Jun 24 at 239k (cons 265k) after three weeks averaging a recently elevated 264k.
- The -26k decline is the largest weekly drop since Jun’21 although week to week moves can be distorted by holiday affects.
- Looking through some of the noise, the four-week average ticked up 2k to 258k for a fresh high since Nov’21.
- After recent relative elevation of the NSA data compared to typical pre-pandemic years, the 18k decline to 233k stands out for a week when claims usually start drifting higher before a more notable move higher in coming weeks. 10k of the decline came from California.
- Continuing claims did however support the stronger than expected release, also falling from 1761k to 1742k for their lowest since February.
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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