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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 manufacturing survey was as expected at headline level, falling further from 49.0 to 48.4 (cons 48.5) in Dec.
- There were some notable movements within the components though:
- Prices paid of 39.4 (-3.6pts) dips below the 40.8 of May’20 to move closer to the Apr’20 cycle low of 35.3.
- Ahead of payrolls on Friday, employment bounced with the 51.4 (+3pts) the highest since Aug and prior to that March.
- However, new orders fell even further to 45.2 (-2pts), still the lowest since May’20 and with the balance of new orders less inventories pointing to sizeable further downside to the ISM headline reading ahead.
- The more heavily weighted service survey follows on Friday.
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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