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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
- A sizeable miss for the ISM manufacturing series considering the widespread improvements in February manufacturing surveys bar yesterday’s surprise slide in the MNI Chicago PMI.
- The largest misses are in new orders (unwinding more than half of January’s sharp increase) and employment (continuing the recent trend lower to lowest since Jul’23 and before that Jul’20).
- Prices paid dip slightly vs expectation of broadly no change, but in doing so consolidates January’s very sharp 7.7pt increase to highest levels since Apr’23 and before that mid-2022.
- New orders less inventories nudges lower from 6.3 to 3.9pts but remains elevated and points to further improvements ahead.
- ISM mfg 47.8 (cons 49.5) after 49.1
- New orders: 49.2 (cons 52.7) after 52.5
- Employment: 45.9 (cons 48.5) after 47.1
- Prices paid: 52.5 (cons 53.0) after 52.9
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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