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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 AccessNomura economists noted Thursday's....>
US DATA REACT: Nomura economists noted Thursday's MNI Chicago Business Barometer
"rose 3.7pp to 67.6 in December, above expectations (Nomura: 64.5), up from 63.9
in November. Chicago PMI indicated strong momentum at the end of the year,
reaching the highest level since March 2011. The production index rose strongly
by 7.6pp to 77.7, suggesting robust expansion in output."
- They noted the "new orders index jumped 9.5pp to 72.7, pointing to increasing
demand. Inventories index, which rose 4.8pp to 64.5, suggests firms are
increasing the amount of stocks. The survey reported that firms are shoring up
the level of stock "to support stretched lead times and in preparation for
product launches scheduled for the new year.""
- Nomura noted MNI Chicago "employment index fell 1.8pp, but remained at an
elevated 55.3, consistent with our expectation that nonfarm payroll employment
likely increased at a healthy pace in December." (December employment report is
out 8:30 am ET Friday, Jan 5.)
To read the full story
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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.