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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’s non-manufacturing index saw a sharp decline in July, falling from 2.9 to -19.1 for its lowest since Dec’20.
- Notably, it didn’t reflect the second strong increase seen for prices received in the latest manufacturing survey: “Price indicator readings suggest continued increases in input prices and prices for the firms’ own goods and services this month. Both price indexes were near their long-run averages.”
- Softer employment: “The full-time employment index fell 20 points to -4.9 this month, its first negative reading since June 2023. […] The part-time employment index declined from 13.1 to 4.0.”
- Modestly smaller expected wage increases in special question: “Although the firms now expect somewhat lower increases in costs for wages, intermediate goods, and nonhealth benefits than when asked in April, expectations for increases in total compensation (wages plus benefits) costs remained at a median of 4 to 5 percent.”
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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