MNI: UK FINAL JAN MANUF PMI 48.3 (FLASH: 48.2); DEC 47.0

MNI: EUROZONE FINAL JAN MANUF PMI 46.6 (FLASH: 46.1); DEC 45.1

MNI: GERMANY FINAL JAN MANUF PMI 45.0 (FLASH: 44.1); DEC 42.5

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

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MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: FRANCE FINAL JAN MANUF PMI 45.0 (FLASH: 45.3); DEC 41.9

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MNI: SPAIN JAN MANUF PMI 50.9 (FCST: 53.5); DEC 53.3

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

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EQUITIES: Bull Cycle in Eurostoxx 50 Futures Remains Intact

EQUITIES
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A bull cycle in the Eurostoxx 50 futures contract remains intact. Last week’s climb resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. The contract is holding on to its gains. The focus is on a climb towards 5215.87, a Fibonacci projection point. Key short-term support has been defined at 4931.00, the Jan 13 low. A break of this level would be bearish. S&P E-Minis are trading higher, marking an extension of last week’s bull phase. The move higher undermines the recent bearish theme. The contract has traded through the 50-day EMA and attention is on resistance at 6107.50, the Dec 26 high. Clearance of 6107.50 would strengthen a bullish theme. Key support has been defined at 5809.00, the Jan 13 low. A reversal lower and a breach of this level would reinstate a bear theme.

  • Japan's NIKKEI closed higher by 125.48 pts or +0.32% at 39027.98 and the TOPIX ended 2.23 pts higher or +0.08% at 2713.5.
  • Elsewhere, in China the SHANGHAI closed lower by 1.755 pts or -0.05% at 3242.623 and the HANG SENG ended 180.74 pts higher or +0.91% at 20106.55.
  • Across Europe, Germany's DAX trades lower by 24.6 pts or -0.12% at 20967.06, FTSE 100 higher by 11.59 pts or +0.14% at 8532.26, CAC 40 up 7.73 pts or +0.1% at 7741.23 and Euro Stoxx 50 down 2.57 pts or -0.05% at 5161.87.
  • Dow Jones mini up 138 pts or +0.32% at 43835, S&P 500 mini up 21.5 pts or +0.36% at 6055, NASDAQ mini up 89.5 pts or +0.41% at 21685.
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A bull cycle in the Eurostoxx 50 futures contract remains intact. Last week’s climb resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. The contract is holding on to its gains. The focus is on a climb towards 5215.87, a Fibonacci projection point. Key short-term support has been defined at 4931.00, the Jan 13 low. A break of this level would be bearish. S&P E-Minis are trading higher, marking an extension of last week’s bull phase. The move higher undermines the recent bearish theme. The contract has traded through the 50-day EMA and attention is on resistance at 6107.50, the Dec 26 high. Clearance of 6107.50 would strengthen a bullish theme. Key support has been defined at 5809.00, the Jan 13 low. A reversal lower and a breach of this level would reinstate a bear theme.

  • Japan's NIKKEI closed higher by 125.48 pts or +0.32% at 39027.98 and the TOPIX ended 2.23 pts higher or +0.08% at 2713.5.
  • Elsewhere, in China the SHANGHAI closed lower by 1.755 pts or -0.05% at 3242.623 and the HANG SENG ended 180.74 pts higher or +0.91% at 20106.55.
  • Across Europe, Germany's DAX trades lower by 24.6 pts or -0.12% at 20967.06, FTSE 100 higher by 11.59 pts or +0.14% at 8532.26, CAC 40 up 7.73 pts or +0.1% at 7741.23 and Euro Stoxx 50 down 2.57 pts or -0.05% at 5161.87.
  • Dow Jones mini up 138 pts or +0.32% at 43835, S&P 500 mini up 21.5 pts or +0.36% at 6055, NASDAQ mini up 89.5 pts or +0.41% at 21685.