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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 manufacturing index surprisingly fell to -17 (cons -6) in July after -10 in June as it bucked the steady/higher readings seen in Empire/Philly surveys.
- A further deterioration in new orders played a large role, falling from -16 to -23 for its lowest since the -24 in May’23. It was last lower only in the depths of the pandemic in Apr/May 2020 and 2008/09.
- Tepid price components: “The average growth rate of prices paid and prices received decreased in July. Firms expected little change in price growth over the next 12 months [with a balance of just +1.3].”
- The various regional Fed surveys point to unusually wide regional divergence in manufacturing activity, with Philly Fed new orders jumping from -2.2 to +20.7 in July for the highest since Mar 2022 - 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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