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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
- Initial jobless claims surprisingly increased to 264k (cons 245k) in the week to May 6 after an unrevised 242k.
- The data have been volatile in recent weeks but it breaks out of the rough 230-45k range seen since the drift higher in late Feb/early March. It records its highest level since Oct’21 whilst the 4-week average of 245k is also the highest since Nov’21.
- The move came with the level of non-seasonally adjusted claims pushing above levels for typical non-pandemic years, a change from hovering near the higher end in recent weeks.
- Continuing claims offered a slightly better picture on the other hand, only edging to 1813k (cons 1820k) from a downward revised 1801k (initial 1805k).
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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