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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 DATA
- New home sales were softer than expected when factoring in a downward revision to Jan that unwound much of its surprise strength, rising 1.1% M/M in Feb (cons -3.1%) after 1.8% (initially 7.2%).
- New sales have still increased for three months running and saw an apparent bottoming in activity ahead of the much larger existing sale segment, although the latter did see a significant closing of the relative gap with its own 14.5% surge in recent February data.
- A key question now is what happens to sales reliant on mortgages, with lending likely squeezed by this month’s flare up in regional banking woes, although that could take a few months of sales data to materialize.
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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