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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
- Initial claims (0830ET) potentially get more closely looked at this week, covering both a payrolls reference week and considering recent Massachusetts fraud developments.
- Last week’s initial claims surprisingly rose 264k (cons 245k) which was one factor that helped spark risk-off moves with the S&P E-mini only clearing May 11 levels yesterday.
- The seasonally adjusted jump came as the NSA figure increased 14k to a higher than typical 234k but almost half of this came from Massachusetts (+6.4k).
- Consensus has SA jobless claims falling to 252k from that 264k but any large swings in either direction for the Massachusetts figure could help bias the market reaction.
- Released at the same time, the Philly Fed survey is also watched closely after Monday’s tumbling in the volatile Empire survey from +10.8 to -31.8. Consensus sees Philly rising from -31.3 to -20 and the two surveys have regularly seen larger discrepancies in recent months.
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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