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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 penultimate of the five regional Fed manufacturing surveys for November, the Dallas Fed survey was mildly lower than expected at -2.7 (cons -1.8) to leave it near unchanged from -3.0 [Dallas in green lines in charts below].
- That 0.3pt nudge higher sees it technically at is highest since Apr 2022 having started 2024 at a heavy -27.4.
- The little change on the month belied a sharper deterioration in new orders (from -3.7 to -11.9, lowest since July), in part offset by a strong improvement in employment (+10pts to 4.9).
- Manufacturing firms remain far more optimistic looking ahead, with the index for production six months ahead rising further from 42.4 to 44.0, a sixth consecutive monthly increase for its highest since Nov 2021.
- This growing optimism is a trend broadly seen in Empire and Philly surveys.
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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