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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 business outlook index surprisingly weakened further in April, falling from -23.2 to -31.3 (cons -19.3), only lower in Apr/May’20 and before that 2008/09.
- The decline goes firmly against the surprise bounce in the (far more volatile) Empire State survey that helps push yields higher at the time.
- Price components stood out on the weak side: current prices received falling from 7.9 to -3.3 saw the first negative since the pandemic and aside from -0.2 in Jun'19 were last seen in 2016.
- Some improvements elsewhere though, with new orders (from -28.2 to -22.7) and shipments (from -25.4 to -7.3), and the 6-mth ahead general business outlook also pushed up from -8 to -1.5. The latter sees a growing disconnect between current conditions and forward expectations - see charts.
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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