MNI BRIEF: Lower Rate Outlook Helping BTPs - Italy Debt Head

MNI China Daily Summary: Wednesday, November 13

MNI: PBOC Net Injects CNY215.7 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1991 Weds; +0.73% Y/Y

CHINA PBOC CONDUCTS CNY233 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1991 WEDS VS 7.1927

Australia Q3 Wage Price Index +0.8% Q/Q

MNI: JAPAN OCT CORP GOODS PRICE INDEX +3.4% Y/Y; SEPT REV +3.1%

EZ/UK Bond Supply Calendar: IT, UK, DE, PO Auction Wednesday

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?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: E-Mini S&P Still Trading Below 20- and 50-Day EMAs

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

Eurostoxx 50 futures traded lower last week. The move down resulted in a breach of support at 4914.00, the Oct 16 low. Note that 4884.06, 38.2% of the Aug 5 - Sep 30 bull cycle, has also been cleared. This exposes 4815.50 next, the 50.0% retracement point. Initial firm resistance has been defined at 5015.00, the Oct 29 high, where a break is required to highlight a reversal. Initial resistance is at 4943.50, the 20-day EMA. S&P E-Minis traded sharply lower last Thursday but the contract has found some support for now. Price has cleared both the 20- and 50-day EMAs - an important short-term bearish development. The break lower signals scope for an extension and has exposed the next support at 5724.00, the Oct 2 low. Clearance of this level would open 5637.60, a Fibonacci retracement. Initial firm resistance is 5824.59, the 20-day EMA.

  • In China the SHANGHAI closed higher by 38.193 pts or +1.17% at 3310.207 and the HANG SENG ended 61.09 pts higher or +0.3% at 20567.52.
  • Across Europe, Germany's DAX trades lower by 10.09 pts or -0.05% at 19243.88, FTSE 100 higher by 41.53 pts or +0.51% at 8219.35, CAC 40 up 14.94 pts or +0.2% at 7424.06 and Euro Stoxx 50 up 0.95 pts or +0.02% at 4878.79.
  • Dow Jones mini down 25 pts or -0.06% at 42185, S&P 500 mini up 2.5 pts or +0.04% at 5761.25, NASDAQ mini down 5.75 pts or -0.03% at 20149.75.
239 words

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.

Eurostoxx 50 futures traded lower last week. The move down resulted in a breach of support at 4914.00, the Oct 16 low. Note that 4884.06, 38.2% of the Aug 5 - Sep 30 bull cycle, has also been cleared. This exposes 4815.50 next, the 50.0% retracement point. Initial firm resistance has been defined at 5015.00, the Oct 29 high, where a break is required to highlight a reversal. Initial resistance is at 4943.50, the 20-day EMA. S&P E-Minis traded sharply lower last Thursday but the contract has found some support for now. Price has cleared both the 20- and 50-day EMAs - an important short-term bearish development. The break lower signals scope for an extension and has exposed the next support at 5724.00, the Oct 2 low. Clearance of this level would open 5637.60, a Fibonacci retracement. Initial firm resistance is 5824.59, the 20-day EMA.

  • In China the SHANGHAI closed higher by 38.193 pts or +1.17% at 3310.207 and the HANG SENG ended 61.09 pts higher or +0.3% at 20567.52.
  • Across Europe, Germany's DAX trades lower by 10.09 pts or -0.05% at 19243.88, FTSE 100 higher by 41.53 pts or +0.51% at 8219.35, CAC 40 up 14.94 pts or +0.2% at 7424.06 and Euro Stoxx 50 up 0.95 pts or +0.02% at 4878.79.
  • Dow Jones mini down 25 pts or -0.06% at 42185, S&P 500 mini up 2.5 pts or +0.04% at 5761.25, NASDAQ mini down 5.75 pts or -0.03% at 20149.75.