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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
- The ISM Services employment component shifted 0.5pts lower in April from 51.3 to 50.8, but was mostly offset by a large bounce in the previously released manufacturing equivalent from 46.9 to 50.2.
- Using weights from the payrolls by industry, which roughly work out at 90% services/10% manufacturing, a ‘composite’ employment series saw minimal change in April from 50.8 to 50.7, down from the recent high of 53.5 in Feb but still holding above 50.
- Ahead of Friday’s payrolls report, it’s not sufficiently different to indicate risk in either direction to the consensus call of moderating but still solid nonfarm payrolls growth of 180k.
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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