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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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Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Nokia Pushes Back Against FT Article On Leadership Change
Ba1/BBB-/BBB- EUR Spreads Unchanged On News
Nokia have quickly poured cold water on the FT article (in a similar fashion to the Samsung story a couple weeks back). A change in leadership has the potential for volatility in the ST though the ongoing weakness in the name means that calls for changes in strategy/leadership may persist
- FT sources indicated that Nokia has approached candidates about replacing Pekka Lundmark as CEO with at least one head-hunter appointed to the process.
- Nokia's CEO search follows declining sales, with Q2 2024 revenue down 18% and operating profit dropping 32%. Shareholders have been frustrated by stagnant growth since the €15.6bn Alcatel-Lucent takeover, despite cost-cutting and restructuring.
- A search for a new chair is also reportedly ongoing.
- Look at market expectations around Nokia vs. Ericsson; https://marketnews.com/nokia-vs-ericsson-what-does-consensus-say.
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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.