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.
GfK's consumer confidence projection for July sees sentiment weakening a further 1.2 points to a fresh record low -27.4, with the economic and income expectations, as well as propensity to buy sub-indices all falling further than recorded in June. Income expectations suffered the greatest loss, falling to an almost 20-year low
Escalations in the Ukraine war alongside persistent supply-chain issues and steep energy and food price inflation continue to drive sentiment down as consumers grapple with inflation at nearly 8%.
Wednesday will see the release of the June CPI print, anticipated to be unchanged. The European Central Bank said its July meeting will almost certainly see a 25bp lift-off in rates, and continued inflation pressures underscore the likleihood that a 50bp hike may follow in September as implied by President Lagarde at the June 9 meeting.
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.