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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
- ISM services see a small miss in Feb at 52.6 (cons 53.0) after 53.4.
- More notable misses for prices paid 58.6 (cons 62.0) after 64.0 and employment 48.0 (cons 51.4) after 50.5.
- Beat for new orders at 56.1 (cons 54.4) after 55.0, for highest since August.
- Prices paid comes after a particularly volatile period, leaving it down -5.4pts after a surprise 7.3pt surge in Jan. The 58.6, whilst a miss, is still above the 57.9 averaged through 2H23.
- Employment has also been volatile recently, a -2.5pt drop coming after 7pt offsetting swings in Dec and Jan. It’s still a low reading ahead of Friday’s payrolls though, down vs the 50.4 averaged in 2H23 (and prior to the 43.8 in Dec it’s the lowest since Aug’20).
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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