MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: US Q3 GDP +2.8%

MNI:US OCT DURABLE NEW ORDERS +0.2%; EX-TRANSPORTATION +0.1%

MNI: US JOBLESS CLAIMS -2K TO 213K IN NOV 23 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

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EQUITIES: E-Mini S&P Sets Sights on Key Resistance at $6053.25

EQUITIES
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A downtrend in Eurostoxx 50 futures remains intact and short-term gains are considered corrective - for now. A fresh cycle low last week marked a resumption of the downtrend that started Sep 30. Price has traded through 4746.94, 61.8% of the Aug 5 - Sep 30 bull cycle. This exposes 4662.12, the 76.4% retracement point. Initial firm resistance has been defined at 4961.00, the Nov 6 high, where a break would highlight a reversal. S&P E-Minis are trading at this week’s highs and sights are on the key resistance and bull trigger at 6053.25, the Nov 11 high. A break of this hurdle would resume the uptrend and open 6070.16, a Fibonacci projection. Moving average studies remain in a bull-mode set-up and this highlights a dominant uptrend and positive market sentiment. Initial support to watch lies at 5944.60, the 20-day EMA.

  • Japan's NIKKEI closed lower by 307.03 pts or -0.8% at 38134.97 and the TOPIX ended 24.21 pts lower or -0.9% at 2665.34.
  • Elsewhere, in China the SHANGHAI closed higher by 50.022 pts or +1.53% at 3309.779 and the HANG SENG ended 443.93 pts higher or +2.32% at 19603.13.
  • Across Europe, Germany's DAX trades lower by 121.5 pts or -0.63% at 19174.15, FTSE 100 higher by 12.1 pts or +0.15% at 8270.84, CAC 40 down 81.37 pts or -1.13% at 7113.14 and Euro Stoxx 50 down 43.14 pts or -0.91% at 4718.85.
  • Dow Jones mini down 44 pts or -0.1% at 44907, S&P 500 mini down 11.5 pts or -0.19% at 6026.5, NASDAQ mini down 78.25 pts or -0.37% at 20914.
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A downtrend in Eurostoxx 50 futures remains intact and short-term gains are considered corrective - for now. A fresh cycle low last week marked a resumption of the downtrend that started Sep 30. Price has traded through 4746.94, 61.8% of the Aug 5 - Sep 30 bull cycle. This exposes 4662.12, the 76.4% retracement point. Initial firm resistance has been defined at 4961.00, the Nov 6 high, where a break would highlight a reversal. S&P E-Minis are trading at this week’s highs and sights are on the key resistance and bull trigger at 6053.25, the Nov 11 high. A break of this hurdle would resume the uptrend and open 6070.16, a Fibonacci projection. Moving average studies remain in a bull-mode set-up and this highlights a dominant uptrend and positive market sentiment. Initial support to watch lies at 5944.60, the 20-day EMA.

  • Japan's NIKKEI closed lower by 307.03 pts or -0.8% at 38134.97 and the TOPIX ended 24.21 pts lower or -0.9% at 2665.34.
  • Elsewhere, in China the SHANGHAI closed higher by 50.022 pts or +1.53% at 3309.779 and the HANG SENG ended 443.93 pts higher or +2.32% at 19603.13.
  • Across Europe, Germany's DAX trades lower by 121.5 pts or -0.63% at 19174.15, FTSE 100 higher by 12.1 pts or +0.15% at 8270.84, CAC 40 down 81.37 pts or -1.13% at 7113.14 and Euro Stoxx 50 down 43.14 pts or -0.91% at 4718.85.
  • Dow Jones mini down 44 pts or -0.1% at 44907, S&P 500 mini down 11.5 pts or -0.19% at 6026.5, NASDAQ mini down 78.25 pts or -0.37% at 20914.