Free Trial

E-mini S&P Narrows Gap With Contract High Ahead of CPI

EQUITIES
  • E-mini S&P continues to grind higher one hour out from the US CPI release - today's high of 4485.25 now just shy of the cycle best printed on Jun30 at 4498.00. Both S&P and NASDAQ futures gaining just over 0.25% apiece at typing, lagged slightly by the DJIA future.
  • Risk-on moves in equity markets accompanied by a recovery off lows for the US 10y yield, helping prop up equity index futures volumes on the move higher. Nonetheless, cumulative activity across the U3 contract is actually a little lower relative to average for this time of day.
  • European cash markets remain higher, with UK's FTSE-100 outperforming. Europe's tech and real estate sectors lead the way higher, with defensive healthcare/consumer staples toward the bottom-end of the performance table.

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.