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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.
EXECUTIVE SUMMARY
- Nonfarm payrolls growth was stronger than expected in April but more than offset by unusually large negative revisions for the prior two months, leaving a moderating trend but still stronger rate of job creation.
- Other major details were hawkish though, with the unemployment rate surprisingly hitting fresh multi-decade lows and average hourly earnings far stronger than expected (albeit with the less volatile non-supervisory category showing less of an acceleration).
- Treasuries sold off but the USD unwound initial strength as equities firmed. Coming close to this week’s CPI (May 10), analysts broadly keep to post-FOMC views with a majority but not all seeing the case for a June pause being intact. How long this pause lasts for remains contentious.
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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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