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Needle Still Points South

US TSYS

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Heading North

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Bull Rally Accelerates

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EQUITIES

Stocks have started the week on a fairly cautious note. Tech stocks are underperforming in part due to the weekend's G7's agreement on broader implementation of a minimum corporate tax rate structure (which are widely seen as impacting tech).

  • Asian markets closed mixed, with Japan's NIKKEI up 77.72 pts or +0.27% at 29019.24 and the TOPIX up 1.66 pts or +0.08% at 1960.85. China's SHANGHAI closed up 7.696 pts or +0.21% at 3599.541 and the HANG SENG ended 130.82 pts lower or -0.45% at 28787.28
  • European equities are slightly higher, with the German Dax up 28.3 pts or +0.18% at 15651.38, FTSE 100 up 21.13 pts or +0.3% at 7069.04, CAC 40 up 13.96 pts or +0.21% at 6515.66 and Euro Stoxx 50 up 10.17 pts or +0.25% at 4079.6.
  • U.S. futures are flat/lower, with the Dow Jones mini up 21 pts or +0.06% at 34764, S&P 500 mini down 5.5 pts or -0.13% at 4222.75, NASDAQ mini down 53 pts or -0.39% at 13713.5.
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com