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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
- Pending home sales surprisingly increased a seasonally adjusted 4.8% M/M in June (cons 1.4) as they chipped away at two larger than expected declines in April (-7.7%) and May (-1.9% revised from -2.1 last month).
- Gains were seen across the main regions, ranging from 3.0% for the northeast to 6.3% for south (easily the largest region for existing home sales).
- After some unusual divergence with the existing home sales data, which pending are meant to lead by 1-2 months, the two series are more in keeping again.
- They continue to imply sales running 25-30% below pre-pandemic averages, with May still seeing a record low for a series going back to 2001.
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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