MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

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

EZ/UK Bond Supply Calendar: BoE APF on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Equities Roundup: IT Stocks Push Eminis, Nasdaq to New Highs

US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Stocks remain well bid after this morning's May CPI data showed lower than expected inflation, helping S&P Eminis and Nasdaq indexes mark new all time highs (5,453.5 and 17,677.45 respectively), Dow still off mid-May breach of 40,000) as rate cut expectations gained momentum. Won't change this afternoon's FOMC rate decision, but Chairman Powell is sure to be asked about forward guidance in light of the new data.
  • Currently, the DJIA is up 115 points (0.3%) at 38863.12, S&P E-Minis up 58.25 points (1.08%) at 5442.5, Nasdaq up 303.9 points (1.8%) at 17648.09.
  • Information Technology and Real Estate sectors outperformed in the first half, hardware and semiconductor makers supporting the former, Oracle +10.45% after better than expected earnings & revenue growth, Skyworks +6.08%, Autodesk +5.25%, Intuit +5.16%.
  • Estate management shares buoyed the Real Estate sector: CBRE Group +3.25%, CoStar Group +2.44%.
  • Energy and Consumer Staples sectors underperformed in the first half, oil & gas shares weighing on the former: Marathon Petroleum -3.10%, Valero -2.85%, Phillips66 -1.95%.
  • Retail distribution shares weighed on Consumer Staples: Dollar General -2.17%, Monster Beverage -1.84%, Kroger and JM Smucker both -1.80.
  • Notable earnings releases after today's close: Broadcom, Adobe and Lennar Group late Thursday.

193 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.
  • Stocks remain well bid after this morning's May CPI data showed lower than expected inflation, helping S&P Eminis and Nasdaq indexes mark new all time highs (5,453.5 and 17,677.45 respectively), Dow still off mid-May breach of 40,000) as rate cut expectations gained momentum. Won't change this afternoon's FOMC rate decision, but Chairman Powell is sure to be asked about forward guidance in light of the new data.
  • Currently, the DJIA is up 115 points (0.3%) at 38863.12, S&P E-Minis up 58.25 points (1.08%) at 5442.5, Nasdaq up 303.9 points (1.8%) at 17648.09.
  • Information Technology and Real Estate sectors outperformed in the first half, hardware and semiconductor makers supporting the former, Oracle +10.45% after better than expected earnings & revenue growth, Skyworks +6.08%, Autodesk +5.25%, Intuit +5.16%.
  • Estate management shares buoyed the Real Estate sector: CBRE Group +3.25%, CoStar Group +2.44%.
  • Energy and Consumer Staples sectors underperformed in the first half, oil & gas shares weighing on the former: Marathon Petroleum -3.10%, Valero -2.85%, Phillips66 -1.95%.
  • Retail distribution shares weighed on Consumer Staples: Dollar General -2.17%, Monster Beverage -1.84%, Kroger and JM Smucker both -1.80.
  • Notable earnings releases after today's close: Broadcom, Adobe and Lennar Group late Thursday.