Free Trial
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
- ISM services was a little better than expected in July at 51.4 (cons 51.0), confirming a return above 50 after what had been the lowest since early in the pandemic.
- That little better result, especially with firmer underlying details, carries an oversized market impact as it helps dampen an imminent recession angle that appeared to have been priced in.
- New orders: 52.4 (cons 49.8) after 47.3. Still on the lower side of recent months but it sees a reversal from the first sub-50 reading since Dec’22. It also goes against the latest firmly contractionary new orders reading for last week’s ISM manufacturing report.
- Prices paid: 57.0 (cons 55.1) after 56.3, similar to the 58.3 averaged through 1H24 and 57.9 in 2H23.
- Employment: 51.1 (cons 46.4) after 46.1, its highest since Sep 2023.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok