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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 advance goods trade deficit narrowed by more than expected in May to a seasonally adjusted $91.1B (cons $93.7B) from $97.1B (initial $96.8B).
- Exports dipped -0.6% M/M with no sign of a bounce from the -5.3% slide in April, with the monthly improvement in the balance instead led by imports contracting -2.7% M/M (all seasonally adjusted here).
- Price components potentially played a big part, with a -6% decline in industrial supplies (which includes petroleum & petroleum products) and -3% in the broad food & beverages category.
- Other indicators had mixed implications for domestic demand though, with capital goods imports encouragingly seeing the largest monthly increase since Sep (+1.3%) but consumer goods imports sliding -7.3% for one of its largest monthly drops in recent years.
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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