MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

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

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

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

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Equities Roundup: Risk Appetite Sours, Real Estate, Cons Disc Weak

US STOCKS
  • Stocks are trading weaker, near midday lows as risk appetite ebbed following this morning's "hawkish hold" policy announcement from the BOE. Currently, DJIA down 214.81 points (-0.62%) at 34226.26, S&P E-Mini Future down 50.75 points (-1.14%) at 4396.5, Nasdaq down 160.7 points (-1.2%) at 13308.32.
  • Laggers: Real Estate reversed the prior session gains as Tsy yields climbed to new 16Y highs this morning (10YY 4.881%): property management names broadly weaker: CoStar Group -3.35%, CBRE Group -2.70%.
  • Consumer Discretionary and Materials sectors followed, broadline retailers weighing on the former: Amazon -3.35%, CarMax -2.1%, Bed Bath & Bodyworks -2%. Construction materials stocks weighed on Materials sector: Vulcan Materials -3.35%, Martin Marietta Materials -3.25%.
  • Leaders: Utilities, Energy and Health Care sectors outperformed. Electrical and multi-energy providers buoyed Utilities: Eversource +1.35%, Public Service Ent +0.8% while Consolidated Edison gained +0.65%. Oil and Gas names helped the Energy sector with Valero +3.75%, Marathon Petroleum +1.65%, Philips66 +0.75%. Meanwhile, equipment and service providers buoyed the Health Care sector: UnitedHealth Group +2.2%, Humana +2.15%, Centene +2.05%.
  • Technicals: At the moment, Eminis are through key support of 4397.75 (Low Aug 18 and a bear trigger) with focus on the next level at 4352.50 (Low Jun 8).
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.