MNI: GERMANY NOV RETAIL SALES -0.6% M/M (FCST: 0.5%)

MNI BRIEF: Q3 Output Gap Hits 18th Negative Result - BOJ

MNI: PBOC Net Injects CNY1.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1887 Weds; -2.33% Y/Y

MNI BRIEF: Fed's Bostic Says Bumpy Inflation Calls For Caution

MNI China Daily Summary: Tuesday, January 7

MNI: FRANCE DEC CONSUMER SENTIMENT 89

MNI: GERMANY NOV FACTORY ORDERS -5.4% M/M

MNI: SWEDEN FLASH DEC CPIF +1.5% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Bear Threat in E-Mini S&P Remains Present Despite Most Recent Gains

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

A bull cycle in the Eurostoxx 50 futures contract remains intact. Yesterday’s strong rally highlights a reversal of the recent corrective pullback and attention is on resistance at 5040.00, the Dec 9 high. Clearance of this level would confirm a resumption of the bull cycle that started on Nov 21 last year. On the downside, initial firm support lies at 4921.43, the 50-day EMA. A break of 4829.00, the Dec 20 low would reinstate a bearish theme. A bear threat in the S&P E-Minis contract remains present despite the most recent gains. The reversal lower from the Dec 26 high, highlights the end of the Dec 20 - 26 correction. Attention is on 5866.00, the Dec 20 low and a key S/T support. Clearance of this level would strengthen a bearish theme. Initial firm resistance is 6107.50, the Dec 26 high. A breach of this hurdle would highlight a bull reversal and open key resistance at 6178.75, the Dec 6 high.

  • Japan's NIKKEI closed higher by 776.25 pts or +1.97% at 40083.3 and the TOPIX ended 30.19 pts higher or +1.1% at 2786.57.
  • Elsewhere, in China the SHANGHAI closed higher by 22.721 pts or +0.71% at 3229.644 and the HANG SENG ended 240.71 pts lower or -1.22% at 19447.58.
  • Across Europe, Germany's DAX trades higher by 42.85 pts or +0.21% at 20258.86, FTSE 100 lower by 21.85 pts or -0.26% at 8227.86, CAC 40 up 23.73 pts or +0.32% at 7469.42 and Euro Stoxx 50 up 10.53 pts or +0.21% at 4997.17.
  • Dow Jones mini up 4 pts or +0.01% at 42984, S&P 500 mini up 5 pts or +0.08% at 6025.25, NASDAQ mini up 17.75 pts or +0.08% at 21762.25.
277 words

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.

A bull cycle in the Eurostoxx 50 futures contract remains intact. Yesterday’s strong rally highlights a reversal of the recent corrective pullback and attention is on resistance at 5040.00, the Dec 9 high. Clearance of this level would confirm a resumption of the bull cycle that started on Nov 21 last year. On the downside, initial firm support lies at 4921.43, the 50-day EMA. A break of 4829.00, the Dec 20 low would reinstate a bearish theme. A bear threat in the S&P E-Minis contract remains present despite the most recent gains. The reversal lower from the Dec 26 high, highlights the end of the Dec 20 - 26 correction. Attention is on 5866.00, the Dec 20 low and a key S/T support. Clearance of this level would strengthen a bearish theme. Initial firm resistance is 6107.50, the Dec 26 high. A breach of this hurdle would highlight a bull reversal and open key resistance at 6178.75, the Dec 6 high.

  • Japan's NIKKEI closed higher by 776.25 pts or +1.97% at 40083.3 and the TOPIX ended 30.19 pts higher or +1.1% at 2786.57.
  • Elsewhere, in China the SHANGHAI closed higher by 22.721 pts or +0.71% at 3229.644 and the HANG SENG ended 240.71 pts lower or -1.22% at 19447.58.
  • Across Europe, Germany's DAX trades higher by 42.85 pts or +0.21% at 20258.86, FTSE 100 lower by 21.85 pts or -0.26% at 8227.86, CAC 40 up 23.73 pts or +0.32% at 7469.42 and Euro Stoxx 50 up 10.53 pts or +0.21% at 4997.17.
  • Dow Jones mini up 4 pts or +0.01% at 42984, S&P 500 mini up 5 pts or +0.08% at 6025.25, NASDAQ mini up 17.75 pts or +0.08% at 21762.25.