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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.
EQUITIES
- A 12 points drop in Estoxx futures since the Cash open, but still trades in the green.
- Looking at Cash Stoxx600, the index is still 0.45% up, Food/beverage, Insurance, Bank and Media are the leading sectors.
- Bank stocks (SX7E) have closed Tuesday's gap to 118.65, but still trades in a fairly limited range since the open.
- Nonetheless next upside resistance comes at 119.32, the very short term 50% retrace of the 2024 fall.
- Note that the January high of 122.80, was the highest print since 2018.
Chart source: MNI/Bloomberg.
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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