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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.
US
- Henry Hub natural gas prices have dropped 12.2% to $3.930 today, currently on track for the largest one day decline since Jun 30 and through 2022 lows seen in January before the Ukraine war.
- That corresponds to a 35% decline on a month ago, piped gas services having a 0.97% relative importance in the US CPI basket.
- Admittedly the CPI impact is not clear cut, with it depending on how its passed through to consumers and seasonality considerations, but nevertheless at the margin adds to downward price pressures from non-core CPI components.
NGG23Source: Bloomberg
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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