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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
- The Philly Fed manufacturing survey was slightly stronger than expected in January, rising from-13.8 to -8.9 (cons -11.0), whilst the 6-month ahead outlook is the highest since May at 4.9 (+6.8pts).
- Interestingly, as was the case in Aug, it showed no sign of the much sharper 22pt slump in the Empire survey to -33 earlier in the week.
- Regional Fed mfg surveys have on average pointed to downside risk to the ISM mfg readings since last summer, although the ISM has started to close that gap, falling into contraction territory with 49 in Nov and then 48.4 in Dec.
- This move in contraction territory for the ISM mfg has coincided with hard data starting to follow suit, with IP seeing two months of surprisingly large declines (released as part of a various softer than expected data yesterday).
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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