CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

EQUITIES: Eurostoxx Pullback Appears Corrective For Now

EQUITIES
EquitiesBulletFixed Income BulletsForeign Exchange Bullets

The uptrend in S&P E-Minis remains intact and the pullback Thursday appears to be a correction. The contract also traded to a fresh cycle high yesterday, reinforcing a bullish theme. Recent gains have resulted in a break of a key resistance at 5333.50, the Apr 1 high. A bullish theme in Eurostoxx 50 futures remains intact and the recent pullback appears to be a correction - for now. The contract has recently cleared key resistance at 5079.00, the Apr 2 high, to confirm a resumption of the uptrend.

  • Japan's NIKKEI closed lower by 457.11 pts or -1.17% at 38646.11 and the TOPIX ended 12.21 pts lower or -0.44% at 2742.54.
  • Elsewhere, in China the SHANGHAI closed lower by 27.516 pts or -0.88% at 3088.871 and the HANG SENG ended 259.77 pts lower or -1.38% at 18608.94.
  • Across Europe, Germany's DAX trades lower by 73.92 pts or -0.4% at 18607.62, FTSE 100 lower by 35.97 pts or -0.43% at 8300.19, CAC 40 down 15.86 pts or -0.2% at 8079.99 and Euro Stoxx 50 down 19.13 pts or -0.38% at 5014.65.
  • Dow Jones mini up 47 pts or +0.12% at 39199, S&P 500 mini up 13.25 pts or +0.25% at 5289.75, NASDAQ mini up 44.75 pts or +0.24% at 18738.
204 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.

The uptrend in S&P E-Minis remains intact and the pullback Thursday appears to be a correction. The contract also traded to a fresh cycle high yesterday, reinforcing a bullish theme. Recent gains have resulted in a break of a key resistance at 5333.50, the Apr 1 high. A bullish theme in Eurostoxx 50 futures remains intact and the recent pullback appears to be a correction - for now. The contract has recently cleared key resistance at 5079.00, the Apr 2 high, to confirm a resumption of the uptrend.

  • Japan's NIKKEI closed lower by 457.11 pts or -1.17% at 38646.11 and the TOPIX ended 12.21 pts lower or -0.44% at 2742.54.
  • Elsewhere, in China the SHANGHAI closed lower by 27.516 pts or -0.88% at 3088.871 and the HANG SENG ended 259.77 pts lower or -1.38% at 18608.94.
  • Across Europe, Germany's DAX trades lower by 73.92 pts or -0.4% at 18607.62, FTSE 100 lower by 35.97 pts or -0.43% at 8300.19, CAC 40 down 15.86 pts or -0.2% at 8079.99 and Euro Stoxx 50 down 19.13 pts or -0.38% at 5014.65.
  • Dow Jones mini up 47 pts or +0.12% at 39199, S&P 500 mini up 13.25 pts or +0.25% at 5289.75, NASDAQ mini up 44.75 pts or +0.24% at 18738.