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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
- Ahead of tomorrow’s ISM Manufacturing survey (cons 54.5 after 56.1 in May), it’s worth pointing out that the Richmond Fed corrected its manufacturing index such that it fell from -9 to -11 rather than the -19 first reported [{NSN RE8JLGGFLIIO <GO>}]
- It doesn’t make a large difference when looking at an average of five regional Fed manufacturing surveys though: the surveys can be more volatile than ISM Mfg but they nevertheless point to sizeable downside risk.
- There’s a similar story from the previously released S&P Global PMI and today’s MNI Chicago PMI, the latter falling more than expected from 60.3 to 56.0 (cons 58.0) as it gave back last month’s recovery as both production (-5.7pts) and new orders (-9.8pts) fell notably.
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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