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Why MNI
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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
MNI:Australia Leading Index Growth Momentum Accelerates in Feb
SYDNEY (MNI) - From Westpac-Melbourne Institute's Leading Index for
February published Wednesday.
February January
--------------------------------------------------------------------------
Leading Index 98.05 97.77
6-Mo Annualized Deviation From Trend, percentage points +1.30 +0.68
FACTORS: The leading index rose in February, pointing to an acceleration in
above-trend momentum mainly due to international factors. U.S. industrial
production (0.53 ppts) and commodity prices (0.40 ppts) explain 0.93 ppts of the
overall 1.30 ppts reading. Only 0.18 ppts are contributed by the "domestic"
components of the index - consumer and employment confidence, dwelling approvals
and hours worked.
COMMENTS: Westpac chief economist Bill Evans continues to expect the
Reserve Bank of Australia will keep the cash rate on hold in 2018 and 2019.
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MALDS$,M$A$$$,M$L$$$,MT$$$$]
To read the full story
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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.