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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 fell -4.6% M/M in October (cons. -5.3%) after a better than first thought -8.7% (initial -10.2%). Sales are down 37% Y/Y.
- Since the series started in 2001, sales have only been lower in three months -- in mid-2010 after post-GFC stimulus encouraged a pulling forward of house sales and in Apr’20 under pandemic lockdown, with sales currently 7.5% above the latter.
- The relationship continues to point to further declines in existing home sales ahead and even though new home sales have been holding up relatively better of late, they should continue to put downward pressure on construction.
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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