MNI: China CFETS Yuan Index Up 0.40% In Week of Jun 14

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1149 MON VS 7.1151

BRIEF: EU Says Engaging With China Over EV Trade Dispute

Japan Apr Machine Orders -2.9% M/M

CHINA MAY INDUSTRIAL OUTPUT +5.6% Y/Y VS MEDIAN +5.9% Y/Y: NBS

MNI JAPAN APRIL CORE MACHINE ORDERS -2.9% M/M; MAR +2.9%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Equities Roundup: Real Estate, Communication Services Lead Rally

US STOCKS
  • Stocks are trading mildly higher after midday, near the middle of the session range, a relatively quiet start to the week with London out for a bank holiday. Currently, S&P E-Mini futures are up 28.75 points (0.65%) at 4442.75, Nasdaq up 110.5 points (0.8%) at 13700.4, DJIA up 237.5 points (0.69%) at 34585.55.
  • Leading gainers: Real Estate, Communication Services and Materials sectors outperformed Monday, management and development shares supporting the former with CBRE Group +1.6%, CoStar Group +.95%.
  • Media and entertainment shares led Communication Services with Warner Bros +2.7%, Charter Communication +2.56%, Paramount +1.2%. Meanwhile Materials led by metals and mining shares: Newmont +1.9%, Freeport McMoRan +1.5%.
  • Laggers: Utilities, Health Care and Consumer Discretionary lagged the modest week opener rally. Gas companies weighed on Utilities sector: ATO -1.05%, CMS Energy -1.8%. Health Care: Pharmaceuticals lagged equipment and services: JNJ -1.52%, Merck -1.1% and Bristol Myers -0.95%. Tesla receded 0.7% after making strong gains late last week.
  • Technicals: A sharp sell-off on Aug 24 in the E-mini S&P contract reinforces a bearish theme and signals the end of the Aug 18 - 24 corrective bounce. Short-term gains are considered corrective and attention is on support at 4350.00, the Aug 18 low and bear trigger. A break would confirm a resumption of the current bear cycle. Resistance to watch is 4504.75 - the base of a bull channel, drawn from the Mar 13 low - that was breached on Aug 16.
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.