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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 a little softer than expected in November at 0.0% M/M (cons 0.9) after a marginally upward revised -1.2% M/M (initial -1.5%) in Oct.
- Pending sales have broadly stabilized through Sep-Nov after a heavy 7% decline in August, but being more than 30% below 2019 levels they continue to imply modest further declines in existing home sales in the next couple months ahead.
- The data are however likely to only capture a small part of the impact from the >100bp reduction in 30Y mortgage rates since late October.
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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