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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.
DATA REACT
Perhaps surprising there wasn't more market reaction to that very weak retail sales report (indeed, Tsys have now moved lower), with control group -1.9% in December (est +0.1%, -1.1% prior - revised lower from -0.5%). That will have a direct negative bearing on Q4 GDP estimates as it is an input into national accounts.
- Combined w other poor data this week including jobless claims, suggests that economic activity at the end of the year was weaker than expected.
- Muted reaction may be on some expectation that the weak data will boost the case for a larger fiscal stimulus.
Census Bureau, 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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