MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Equities Roundup: Turning Mildly Higher

US STOCKS
  • Stocks are inching back near midmorning highs for the most part, modest gains on narrow ranges all around, Nasdaq the exception. Currently, DJIA is up 180.51 points (0.54%) at 33915.53, S&P E-Mini Future up 4.75 points (0.11%) at 4438.5, Nasdaq down 4 points (0%) at 13657.44.
  • Leading gainers: Industrials, Health Care and Financial sectors outperformed after midday. Commercial and professional services shares lead the former with Paycom Software +3.7%, ADP +2.8% and Paychex +2.5%. Financial Services shares outperformed Banks: Franklin Resources +3.85%, PayPal +3.75%, T Rowe Price Grp +2.5%.
  • Laggers: Communication Services, Information Technology and Utilities underperformed, telecom services weihjing on the former with Verizon -1.8%, ATT -1.7% and Fox Corp -0.85%.
  • The technical/bull theme in S&P E-minis bull theme remains intact and last week's pullback appears to be a correction - for now. Attention is on the first support 4411.98, the 20-day EMA. Clearance of this level would strengthen a bearish threat and expose 4368.50, the Jun 26 low and a key support.
  • The bull trigger is at 4498.00, the Jun 16 high. A clear breach of this level would confirm a resumption of the uptrend and open 4532.08, a Fibonacci projection.
HomepageEquitiesBulletMarketsFixed 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.