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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
- Big miss for ISM services, falling to 51.2 in March (cons 54.4) after two surprisingly strong 55 readings and in turn is consistent with much more tepid, but still positive, real GDP growth.
- Particularly large decline in new orders (52.2, -10.4pts). The series has been particularly volatile in the past few months so it’s still above the 45.2 in Dec but otherwise the lowest since Dec’13 outside of two months in the pandemic.
- It's led by new export orders tumbling to 43.7 (-18.0pts), exceeding the -17.4pts from Oct for the largest monthly decline since at least 2000.
- Prices paid (59.5, -6.1pts) see their largest decline since May’17 to leave them at the lowest since Jun’20.
- Ahead of payrolls, employment (51.3, -2.7pts) unwinds most of the surprise strength in Feb with its third largest decline of the past year.
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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