MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Equities Roundup

US STOCKS
  • Stocks are trading firmer after breaking through the top end of a narrow range held since Monday evening in the last hour. Bid occurred around the time Atlanta Fed Bostic reaffirmed his view that the Fed's benchmark interest rate is high enough to get inflation under control without dragging the economy into recession. Currently, S&P E-Mini futures are up 42.75 points (0.98%) at 4412, DJIA up 252.03 points (0.75%) at 33856.01, Nasdaq up 151.2 points (1.1%) at 13635.58.
  • Leaders: Consumer Discretionary, Materials and Consumer Staples sectors outperformed, autos and parts makers led the former: Tesla +2.77%, Borg-Warner +1.42%, Ford and GM both +1.35%. Metals, mining and chemical stocks buoyed the Materials sector: Albemarle +4.95%, Sealed Air Corp +3.38%, International Flavors and Fragrances +2.8%. Meanwhile, retail names supported the Consumer Staples sector: Target +3.83%, Dollar Tree +3.38%, Sysco +1.4%.
  • Laggers: Energy, Health Care and Communication Services sectors underperformed, oil and gas stocks lagging the broad based rebound: APA -0.9%, EQT Corp -0.72%, Occidental Petroleum -0.37%. Meanwhile, pharmaceuticals and biotech shares lagged the Health Care sector: Merck -1.03%, Amgen 0.42%, AbbVie -0.28%. Interactive media and entertainment lagged Communication Services: Charter Communication and Activision both -0.1%.
  • Reminder, Q4 earnings cycle gets underway with several bank shares reporting this Friday: JP Morgan, Wells Fargo, Blackrock, PNC Financial and Citigroup expected.
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed 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.