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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 S&P Global US PMI bucked expectations of a decline across the board in the preliminary April report, with services rising from 52.6 to 53.7 (cons 51.5) and manufacturing up from 49.2 to 50.4 (cons 49.0).
- The press release notes the latest composite reading (up from 52.3 to 53.5) is indicative of GDP growth just over 2% annualized, with business activity regaining growth momentum after contracting over the seven months to January.
- For services, it marks the fourth consecutive monthly increase to leave it at the highest since Apr’22, a greater recovery from notably lower levels than that seen in the ISM Services. The upturn in service output was “solid overall, as greater employment and stronger demand supported the increase.”
- “Selling prices increased at a sharper pace, as firms responded to higher cost burdens by passing these through to customers where possible amid more accommodative demand conditions. The rate of inflation accelerated for the third month running and was the quickest since last August.”
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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