US SEP SERVICES PMI 55.2 (FLASH 55.4, AUG 55.7)

UK SEP SERVICES PMI 52.4 (FLASH 52.8, AUG 53.7)

FRANCE SEP SERVICES PMI 49.6 (FLASH 48.3, AUG 55.0)

MNI NBP WATCH: Rates Held As Energy, Wages Push Up Prices

MNI BRIEF: NBP Keeps Key Interest rates unchanged

MNI BRIEF: Turkish Inflation Expectations Ease As CBRT Holds

US EIA:NAT GAS STORAGE +55 BCF TO 3,547 BCF SEP 27 WK

MNI: US AUG FACTORY ORDERS -0.2%; EX-TRANSPORT NEW ORDERS -0.1%

MNI: US ISM SEP SERVICES COMPOSITE INDEX 54.9

CANADA: Politics Week: Parliament Opens With Early Election Threats

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AUSTRALIA: Albanese Lines Up Budget for May Election

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EQUITIES: Stocks Remain Within Range of Recent Highs

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

A bull cycle in S&P E-Minis remains intact and the latest shallow pullback is considered corrective. Recent gains reinforce a bullish theme and note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend. Eurostoxx 50 futures traded sharply higher last week resulting in a clear break of  5024.00, the Sep 3 high. This confirms a resumption of the bull leg that started Aug 5 and cancels a recent bearish theme.

  • Japan's NIKKEI closed higher by 743.3 pts or +1.97% at 38552.06 and the TOPIX ended 31.75 pts higher or +1.2% at 2683.71.
  • Across Europe, Germany's DAX trades lower by 174.83 pts or -0.91% at 18990.93, FTSE 100 lower by 1.21 pts or -0.01% at 8290.73, CAC 40 down 81.79 pts or -1.08% at 7496.82 and Euro Stoxx 50 down 48.31 pts or -0.97% at 4915.78.
  • Dow Jones mini down 177 pts or -0.42% at 42333, S&P 500 mini down 22 pts or -0.38% at 5738, NASDAQ mini down 99.75 pts or -0.5% at 19909.75.
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A bull cycle in S&P E-Minis remains intact and the latest shallow pullback is considered corrective. Recent gains reinforce a bullish theme and note that moving average studies are in a bull-mode setup, highlighting a dominant uptrend. Eurostoxx 50 futures traded sharply higher last week resulting in a clear break of  5024.00, the Sep 3 high. This confirms a resumption of the bull leg that started Aug 5 and cancels a recent bearish theme.

  • Japan's NIKKEI closed higher by 743.3 pts or +1.97% at 38552.06 and the TOPIX ended 31.75 pts higher or +1.2% at 2683.71.
  • Across Europe, Germany's DAX trades lower by 174.83 pts or -0.91% at 18990.93, FTSE 100 lower by 1.21 pts or -0.01% at 8290.73, CAC 40 down 81.79 pts or -1.08% at 7496.82 and Euro Stoxx 50 down 48.31 pts or -0.97% at 4915.78.
  • Dow Jones mini down 177 pts or -0.42% at 42333, S&P 500 mini down 22 pts or -0.38% at 5738, NASDAQ mini down 99.75 pts or -0.5% at 19909.75.