MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

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

Equities Retrace Large Part Of CPI Hit

US STOCKS
  • The S&P e-mini holds onto sizeable gains today at 4410 (+1.2%), sitting close to earlier highs of 4414.25 whilst more than unwinding Friday’s decline and going some way to retracing the hit from Thursday’s US CPI. Resistance is seen at 4427.45 (50-day EMA).
  • ESZ3 swiftly reversed an earlier move lower that followed a few large sell programs rolling through including the largest of the day with 1044 names at 1319ET before some large buy programs helped limit the move.
  • Gains have been helped by softer oil prices as well as limited new news from the Israel-Hamas conflict, coming despite a sizeable shift higher in real yields on the day (10Y real +6bps). Some larger individual movers have included Charles Schwab (post-earnings) and Pfizer (cutting Paxlovid cost base).
  • There are some key earnings later this week: BofA, J&J, Goldman Sachs, Procter & Gamble, Tesla, Netflix among others (with the first three all tomorrow).
  • The Russell outperforms (+1.6%), followed by Nasdaq (+1.4%), SPX (+1.2%) and Dow (+1.1%).
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.