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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.
EQUITIES
- In the past few years, we have seen that economic indicators of some heavy-exporter nations such as South Korea have historically led DM indicators.
- Hence, analysts have traditionally used SK exports as one of the key inputs (among other macroeconomic and financial variables) when computing an aggregate leading indicator.
- The chart below shows how strongly the annual growth of SK exports have led SP500 earnings (by 3M) in the past two decades (by 3 months).
- According to this chart, the sharp rebound in SK Exports (up 41% YoY) is still pricing further strength in US equities EPS for the coming months.
- In addition, the global reopening in the US and other developed nations could continue to push risky assets (i.e. equities) to new highs.
Source: Bloomberg/MNI
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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