MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equity Roundup: Trading Heavy

US STOCKS

Stocks have reversed midmorning gains, trading weaker/near session lows after the FI close -- even as Tsy yields retreated from midday highs through the second half with several small program sales noted.

  • SPX emini futures, ESM2 currently -59.0 (-1.3%) at 4396.50 after hitting 4508.0 before 1000ET. Focus turned to key support of 4355.50 Low Apr 18 and the bear trigger.
  • Earnings after the close: PPG, XM, SAM, SVP, SNAP. Pre-open: AAL record 2Q revs on soaring demand, ATT EPS 0.77 vs. 0.69 est, Dow Inc. net income +$1.57B.
  • SPX leading/lagging sectors: Consumer Staples managed to outperform (+0.13%) lead by food, beverage and tobacco shares.
  • Consumer Discretionary had been leading the session receded (-1.27%), autos still leading but well off highs, notably Tesla (2.69% from +8.93% earlier after earnings beat of $3.22/share vs. $2.26 est late Wed. Elon Musk making waves again re: seeking financing for Twitter bid.
  • Laggers: Energy sector retreated late (-3.35%) edging Communication Services (-2.45%) as media/entertainment lags: Meta (FB) -6.82%, Warner Bros (WBD) -6.17%, DISH -4.80%.
HomepageEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.