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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
- Existing home sales surprisingly surged 14.5% in February (cons 5%) after -0.7 M/M, far larger than the prior 8% increase in pending sales and led by the single family category seeing its largest single monthly increase on record.
- It follows surprising strength in housing starts/building permits plus two consecutive moves of sizeable increases for new home sales as well, which combined with upside revisions to GDP trackers (Atlanta Fed GDPNow +3.2% for Q1 as of Mar 16) show the economy growing strongly prior to the regional banking crisis.
- Unchanged inventory meant the months supply fell 0.3pps to 2.6, still up (looser) than the 1.7 of Feb’22 but down (tighter) than the recent highs of 3.2-3.3 from the fall.
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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