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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
The Conference Board consumer confidence report beats expectations, at 129.1 in July (123.9 exp, 128.9 prior revised from 127.3). Expectations steady at 108.4 (108.5 prior, revised from 107.0), with present situation up to 160.3 (from 159.6 prior, revised from 157.7).
A strong report across the board, which is of particular note given the disappointment in the University of Michigan numbers released two weeks ago. It also suggests that consumer momentum is likely to pick up as we enter the 2nd half.
- Jobs "easy to find" minus "hard to get" at a new 21-year high of 44.4% (44.2% in June).
- Multiple categories under "plans to buy within 6 months" are at multi-year highs: 56.8% plan to buy major appliances (highest since 2017), 13.1% to buy a new car (highest since 2019).
- 1-Yr inflation expectations 6.6% vs 6.7% prior.
- Income index (expected to increase minus decrease) 12.0% (highest since pandemic began).
Source: Conference Board
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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