Free Trial
COPPER TECHS

(Z2) Trades Through Support

US

MNI POLITICAL RISK - US Daily Brief

US TSYS

Early Eurodollar/SOFR/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Early Gains Reversed Upon Cash Open

EQUITIES
  • Modest downtick in the e-mini S&P puts the index back to flat on the day, with earnings and the Fed decision on Wednesday the key focus points. Overnight lows at 3951.50 are intact for now, while 3988.75 defines the intraday high. More broadly, the index is holding on to the bulk of recent gains after last week's bullish extension.
  • This confirmed a break above the 50-day EMA and reinforces short-term bullish condition that targets 4145.75 next, the Jun 9 high.
  • Energy and communication services names are the outperformers on the sector breakdown, while tech and utilities sit at the bottom of the pile. Decliners outnumber advancers so far Monday (~300 / ~200) so far, but little sign of programmatic activity around 20 minutes into trade.
123 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Modest downtick in the e-mini S&P puts the index back to flat on the day, with earnings and the Fed decision on Wednesday the key focus points. Overnight lows at 3951.50 are intact for now, while 3988.75 defines the intraday high. More broadly, the index is holding on to the bulk of recent gains after last week's bullish extension.
  • This confirmed a break above the 50-day EMA and reinforces short-term bullish condition that targets 4145.75 next, the Jun 9 high.
  • Energy and communication services names are the outperformers on the sector breakdown, while tech and utilities sit at the bottom of the pile. Decliners outnumber advancers so far Monday (~300 / ~200) so far, but little sign of programmatic activity around 20 minutes into trade.