-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI European Morning Briefing
LONDON (MNI) - Across the Atlantic, the US calendar gets underway at
0830ET, with the publication of the latest jobless claims data and the January
personal income numbers.
The level of initial jobless claims is expected to rise by 4,000 to 226,000
in the February 24 week after a surprise decline of 7,000 in the previous week.
The four-week moving average would fall by only 1,000 in the coming week, as the
230,000 level in the January 27 week drops out of the calculation, assuming the
MNI forecast is correct and there are no revisions.
Personal income is expected to rise by 0.3% in December, as payrolls rose
by 200,000, and hourly earnings rose by 0.3%, but the average weekly hours
slipped to 34.3 hours. Current dollar PCE is forecast to rise by only 0.2% after
stronger gains in recent month, with durables spending soft due to a decline in
auto spending. Total retail sales fell by 0.3% in the month and were flat
excluding a 1.3% drop in motor vehicle sales. Retail sales excluding autos, gas,
building materials and food services also flat, indicating underlying weakness.
The core PCE price index is expected to post a 0.3% increase in January
following a 0.2% gain in December, but the year/year rate would remain well
below 2.0%, rising modestly to 1.6%.
Canadian Current account data is set for release at the same time.
At 0945ET, the final US February Markit Manufacturing Index will be
published, followed by the ISM Manufacturing Index and construction spending at
1000ET.
The ISM manufacturing index is expected to fall further to a reading of
58.9 in February after dipping modestly to 59.1 in January. Regional conditions
data have been mixed.
Construction spending is expected to rise by 0.3% in January. Housing
starts surged in the month, suggesting private residential building continued
its string of recent gains.
Federal Reserve Chair Jerome Powell delivers the second leg of his
semiannual monetary policy testimony before the Senate Banking Committee in
Washington, starting at 1000ET.
The latest US Natural Gas Stocks data will be published at 1030ET. Late US
data sees the Fed's Weekly m2 Money Supply Data published at 1630ET.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.