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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 index was weaker than expected in Sept as it fell to -13.5 (cons -1.0) to fully reverse what had been a surprise increase to +12.0 in August.
- It marks a particularly volatile two months for the index: the 25.5pt increase in Aug was the largest since at least 2000 when looking outside of initial pandemic re-opening, whilst the -25.5pt reversal is the largest single monthly drop since Dec’21.
- It also continues a string of doing the opposite of what’s seen in the typically more volatile NY Fed counterpart, which has swung from +1.1 to -19.0 and most recently back to +1.9.
- Other measures will be required to get a better sense of latest trends in manufacturing, with tomorrow’s flash S&P Global PMIs before next week’s MNI Chicago PMI.
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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