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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
- Today’s release of the Richmond Fed manufacturing index completes the five Regional Fed mfg surveys for December.
- An unweighted average of the five fell from -4.7 to -9.3 for its lowest since July, but individual moves have been mixed.
- The Empire State survey was as volatile as ever (-23.6pts to -14.5), with other declines seen in Richmond (-6pts to -11) and Philly (-4.6pts to -10.5). Kansas (+1.0pt to -1) and especially Dallas (+10.6pts to -9.3) bucked the weakness.
- Taking into account the level difference that’s opened up with the ISM mfg index in recent months, this average decline across regions could still be consistent with analyst consensus for ISM mfg to have increased from 46.7 to 47.2 in Dec (released Jan 3).
- First though, we’ll see the MNI Chicago PMI on Friday for another steer on the health of manufacturing activity.
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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