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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.
Markets
EXECUTIVE SUMMARY
- The opposite of last month’s report, nonfarm payrolls growth saw its first miss in fifteen months in June and was coupled with a return of downward revisions.
- However, both AHE growth and hours worked were stronger than expected, plus the unemployment rate was on the low side of expectations albeit partly offset by the U6 underemployment rate rising on a strong increase in those working part-time for economic reasons.
- The market continued to almost fully price a 25bp hike for the July 26 FOMC decision and continues to entertain odds of one further hike beyond that. Analysts agree on July pricing but appear less convinced beyond that, unsurprisingly under heightened data dependency. CPI on Wednesday now swings into focus.
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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.
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