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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.
US STOCKS
- ESA briefly clears session highs, pushing through to 3918.75 (+1.8%) before nudging back to 3914, whilst Nasdaq marginally outperforms.
- Earlier clearance of Monday’s high of 3899.0 next opens 3948.02 (50-day EMA) in pullback from the recent bearish theme.
- The moves are supported by real yields sliding on the day (10Y -6bps) and improved consumer confidence, plus idiosyncratic factors from better than expected earnings from Nike and FedEx.
- Within SPX, sizeable gains across all sectors but with energy (+2.2%: WTI +2.8%), consumer discretionary (+2.1%) and IT (+2.1%) outperforming whilst consumer staples lag (+1.0%).
S&P e-mini (yellow index) and US 10y real yield (white)Source: Bloomberg
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.
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