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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.
MNI (Washington)
Key Things to Watch:
- Tuesday, August 25 – Germany IFO
- Germany's Ifo Index will show if the factory recovery since the April trough continues into August.
- Services are recovering at a modest pace, while Germany's famed 'metal bashers' are recovering faster. Export markets remain a challenge.
- Expectations are for the New Business Climate to rise to 92.0 in August from 90.5 in July, with the Current Conditions Index expected to reach 87.0 from 84.5. The Expectations Index is seen gaining 1.1 points to 98.1.
- Wednesday, August 26 – U.S. Durable Goods New Orders
- New orders of U.S. durable goods should slow in July, with markets predicting a m/m increase of 4.0% following a stronger-than-expected 7.6% gain in June.
- Commercial aircraft orders continued to weaken in July as the Covid-19 pandemic decimates the travel industry, but analysts say motor vehicle and parts could offset some of that weakness.
- Excluding motor vehicles, new orders should rise 1.7%.
- Thursday, August 27 – U.S. Weekly Jobless Claims
- Initial jobless claims filed through August 22 should fall to 1 million Thursday after rising to 1.106 million through August 15.
- Claims briefly dipped below 1 million in the week ending August 8, but analysts say the labor market is still weak and initial filings should remain stubbornly high.
- Continuing claims through August 15 should fall slightly to 14.5 million from 14.84 million in the week ending August 8.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
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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