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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.
DATA REACT
June headline PPI comes in above expectations, core measures miss to the downside. Some modest revisions to May PPI M/M obscure the picture a little bit, with headline and ex-food/energy revised up 0.1pp M/M but ex-food/energy/trade revised down 0.1pp M/M.
- Nothing in the June report to really change the narrative of strong price pressures though: headline PPI ticks back higher to a 3-month Y/Y high of 11.3%.
- Initial jobless claims continue to tick higher, highest since week of Nov 19 2021. and a little higher than expected (+244k vs +235 expected / prior). But still not far off recent historic lows and thus little to suggest any significant cracks in the labor market.
Source: BLS, MNI
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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