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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
A key caveat to today's one-year-high 0.5% M/M rise in July's final demand services sub-category of PPI:
- The BLS noted in today's report that Portfolio Management (+7.6%) accounted for 40% of July's rise in final demand services PPI. This category basically represents a portfolio management fees, which are often determined as a percentage of assets under management - and is highly correlated with financial market asset returns.
- A glance at the chart of the portfolio management price index vs the S&P (below) suggests that this may represent a somewhat illusory rise in "inflation" - and that the broader upside pressure in services producer prices may have been less acute than initially thought.
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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