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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
- Ahead of next week's payrolls report, the Conference Board labor differential of consumer perceptions of jobs plentiful less jobs hard to get saw the sharpest decline since Dec’20 and prior to that Apr’20 (plentiful 45.2 -4pts, hard to get 12.7 +1.6pts).
- The net 32.5 is the lowest since Apr’21 but that only leaves it on a par with the 2019 average and close to pre-pandemic highs.
- It is consistent with the miss in the overall consumer confidence index (from 107.8 to 102.5, 106.0 expected), led by the present situation index falling more than 10pts for also its weakest since Apr’21.
- Expectations saw a smaller decline on the month but that still meant an eighth month below 80 (having pre-revisions seen a small increase above it in Sep), “suggesting recession risks appear to be rising”.
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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