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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Emerging Markets
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Equities Roundup: Banks Led Early Gainers, S&P, Nasdaq Tap New Highs
- Stocks are mixed ahead midday trade, scaling back from midmorning highs after Fed Chairman Powell's semi-annual testimony to Congress spurred brief risk-on flows. U.S. interest rates are likely to fall from here as the labor market has cooled, Federal Reserve Chair Jerome Powell said Tuesday, all but ruling out further rate hikes.
- S&P Eminis and Nasdaq indexes marked new all-time highs for the sixth consecutive session (5,642.75 and 18,505.82 respectively). Currently, S&P E-Minid trade up 12 points (0.21%) at 5637.5, Nasdaq up 43.9 points (0.2%) at 18447.63, while the DJIA trades down 64.58 points (-0.16%) at 39280.73.
- Financials and Communication Services led gainers in the first half, banks supporting the former: Citigroup +2.16%, Bank of America +1.66%, JP Morgan +1.02%. Reminder, banks highlight the latest equity earnings cycle that kicks off Friday: Wells Fargo, Bank of NY Mellon, JP Morgan and Citigroup.
- Interactive media and entertainment shares buoyed Communication Services: Netflix +1.18%, Fox Corp +1.12%, News Corp +1.11%.
- On the flipside, Materials and Energy sectors underperformed in early trade, chemical companies weighed on the former as Albemarle fell 7% as falling lithium prices spurred downgrades. Smurfit -2.4%, FMC Corp -1.53%. Energy equipment and services shares trade weaker: Schlumberger -1.64%, Baker Hughes -0.85%, Haliburton -0.66%.
To read the full story
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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.