MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI BRIEF: China To Step Up Trade Bloc Negotiations

MNI BRIEF: Yuan's Global Payment Share Falls Again In October

MNI: PBOC Net Injects CNY141.9 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Thurs; -0.93% Y/Y

MNI: UK NOV CBI INDUSTRIAL TRENDS TOTAL ORDERS -19

MNI: FRANCE NOV MANUF SENTIMENT AT 97

MNI: UK OCT PSNCR GBP11.13 BN

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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EQUITIES: E-mini S&P Presses to New Highs, Trump Trades Boost Headline Indices

EQUITIES
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E-mini S&P continues to stretch to new daily (and record) highs, despite the thinned volumes from the partial US market holiday. Trump trades remain the theme here, with pre-market trade in single stocks seen gaining from a Trump Presidency in firm demand: Tesla shares +6.9%, Banks (Citi +1.6%, BofA +1.2%, Goldman Sachs +1.6%) and Trump Media +9.7% - although oil & gas explorers are lagging thanks to a somewhat softer oil price so far today.

  • Other notable pre-market movers include NVidia, higher by 0.7% on both index strength as well as the upgrade from at Piper Sandler, who see NVidia as a large cap top pick thanks to AI exposure, which has countered early weakness stemming from a negative view from notable UK fund manager Terry Smith.
  • Finding notable resistance and upside levels becomes tricky from an index perspective, with projection levels the next areas of interest at 6070.16 and 6103.88.
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E-mini S&P continues to stretch to new daily (and record) highs, despite the thinned volumes from the partial US market holiday. Trump trades remain the theme here, with pre-market trade in single stocks seen gaining from a Trump Presidency in firm demand: Tesla shares +6.9%, Banks (Citi +1.6%, BofA +1.2%, Goldman Sachs +1.6%) and Trump Media +9.7% - although oil & gas explorers are lagging thanks to a somewhat softer oil price so far today.

  • Other notable pre-market movers include NVidia, higher by 0.7% on both index strength as well as the upgrade from at Piper Sandler, who see NVidia as a large cap top pick thanks to AI exposure, which has countered early weakness stemming from a negative view from notable UK fund manager Terry Smith.
  • Finding notable resistance and upside levels becomes tricky from an index perspective, with projection levels the next areas of interest at 6070.16 and 6103.88.