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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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Free AccessSingapore PMI Jumps In July
Singapore dollar off session highs and still within yesterday's range, USD/SGD hovering around neutral level after earlier dropping as lows as 1.3508.
- Data from IHS Markit showed Singapore July whole economy PMI at 56.7 from 50.1 in June. Commenting on the latest survey results, Jingyi Pan, Economics Associate Director at IHS Markit, said: "Although brief, the relaxation of Phase 2 restrictions enabled business activity to ramp up in July to a state of a strong rebound according to the latest IHS Markit Singapore PMI. Supply constraints and price pressures nevertheless lingered for private sector firms, constraining output growth to some extent."
- Strong points in the survey were employment and purchase levels by private firms, though the employment gains have mostly been in pert time staff. Business confidence improved to a level unseen since December 2020 on hopes that the vaccination drive will speed up the recovery.
To read the full story
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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.