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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
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Real-time insight on key fixed income and fx 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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Equities Roundup: Chip Makers Support IT Rebound
- Stocks indexes are making modest gains after the cash open, renewed support for semiconductor stocks behind the latest support in S&P E-Mini futures up 18.75 points (0.43%) at 4401.5, Nasdaq up 126.4 points (1%) at 13418.1. Dow weaker at the moment after posting gains earlier, DJIA down down 3.16 points (-0.01%) at 34505.09.
- Leading gainers: Information Technology, Consumer Discretionary and Energy sectors are outperforming in early trade. Chip stocks buoying IT and outperforming software/hardware makers. Leaders include Palo Alto Networks +14.15%, Nvidia +2.55%, Fortinet +2%.
- Autos lead Consumer Discretionary with Tesla bouncing +2.9% after trading weaker last Friday, parts maker Aptiv +1.65%, BorgWarner +1.05%, Ford +.65%. Energy sector supported more by equipment and services: Schlumberger +1.05%, Halliburton +.6%, Baker Hughes +.35%.
- Laggers: Utilities, Real Estate and Consumer Staples underperforming, electric and multi-utility shares weighing on the former: Dominion -.55%, Duke Energy -.5%, AES -.4%. Office and hotel/resort Real Estate Investment Trust shares weighed on Real Estate: Alexandria R/E Equities -.95%, Boston Properties -.8%, Host Hotels -.2%.
- Technicals: A bearish theme in the E-mini S&P contract remains intact and Friday’s sell-off reinforces this theme. Last week’s extension lower resulted in a break of the 50-day EMA and the contract breached channel support drawn from the Mar 13 low. 4368.50, the Jun 26 low, was breached Friday and attention turns to 4344.28, a Fibonacci retracement. Initial firm resistance to watch is at the 50-day EMA - at 4455.92.
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.