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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 Richmond Fed mfg index was softer than expected in May at -15 (cons -8) after -10, which aside from the -16 of Feb is the lowest this cycle and outside of Apr/May’20 is the lowest since early 2009.
- The survey adds support to misses from last week’s Empire (-31.8 vs cons -3.9) and today’s mfg PMI (48.5 vs cons 50.0), with the Philly Fed beat (-10.4 vs cons -20.0) looking like the odd one out for now.
- Service indicators coming in stronger than expected and price pressures still elevated, as shown by today’s service PMI, keep the pressure on the Fed but recent manufacturing surveys are a timely reminder of the continued strains facing the sector.
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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