Free Trial

Defensives Outperforming Early

EQUITIES
  • Asian markets closed lower: Japan's NIKKEI closed down 139.28 pts or -0.49% at 28313.47 and the TOPIX ended 4.26 pts lower or -0.22% at 1967.18. China's SHANGHAI closed down 61.02 pts or -1.86% at 3215.203 and the HANG SENG ended 234.51 pts lower or -1.2% at 19268.74.
  • European equities are trading mixed/flat, with financials and materials stocks weighing most heavily, and defensives (consumer staples, utilities) outperforming: the German Dax down 17.11 pts or -0.13% at 13179.97, FTSE 100 down 27.9 pts or -0.37% at 7460.75, CAC 40 down 0.46 pts or -0.01% at 6362.2 and Euro Stoxx 50 up 1.75 pts or +0.05% at 3656.
  • U.S. futures are flat: Dow Jones mini down 3 pts or -0.01% at 32898, S&P 500 mini up 1.5 pts or +0.04% at 4132, NASDAQ mini up 7.25 pts or +0.06% at 12903.75.

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.