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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 were far stronger than expected in December, jumping 8.3% M/M (cons 2.0%) after -0.3% in Nov (revised marginally lower from 0.0%).
- The strength isn’t simply from one region either: west (+14% after 3.3), south (+11.9% after -2.5), midwest (5.6% after 0.5) and northeast (-3.0% after 0.5).
- It just surpasses the 8.1% increase in Jan’23 for the strongest monthly increase since May’20.
- Directionally, pending home sales typically lead existing home sales by 1-2 months, although have been running below existing home sales for some time now when comparing with pre-pandemic levels (a gap that has been closed by this jump).
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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